[linuskendall]

Since transfers are bank account to bank account, this would mean somebody abroad (say in Europe) would have USD denominated bank account? As far as I know TransferWise does require your recipient to have a bank account in the location where they want to receive the money, meaning usually transfers between accounts denominated in different currencies.

If its within EU there is of course no point in using TransferWise as EUR-EUR transactions are practically free.