With the global economy having spent over US$500 billion spent last year on fees for remittances (i.e. money sent from one country to another) and mostly to low-income households, what if there was a system that could connect all financial services from the likes of Mastercard, Western Union, Visa and banks to dramatically reduce high transaction costs – typically 10% – and cut the transfer time to less than 10 seconds? It’s just a thought.

from Forbes – Tech http://ift.tt/1gDAzAU
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