https://blog.p2pfoundation.net/p2p-money-transfer/2013/02/26 Researching, documenting and promoting peer to peer practices Thu, 02 Apr 2015 20:01:15 +0000 hourly 1 https://wordpress.org/?v=5.5.14 https://blog.p2pfoundation.net/p2p-money-transfer/2013/02/26/comment-page-1#comment-1137867 Thu, 02 Apr 2015 20:01:15 +0000 http://blog.p2pfoundation.net/?p=29738#comment-1137867 Luckily there are more similar services like Xoom or XE emerging and the destinations, not covered by Currencyfair or Transferwise now also have options fore making cheaper international transfers. I have an impression, that banks are still used for transferring large amounts of money. However there are more cost-effective alternatives, for example Paysera, which do not have a limit for transferred amount. So such peer-to-peer options will only gain popularity.

]]> https://blog.p2pfoundation.net/p2p-money-transfer/2013/02/26/comment-page-1#comment-512054 Tue, 26 Feb 2013 14:51:55 +0000 http://blog.p2pfoundation.net/?p=29738#comment-512054 Well the banks should start to tremble. Certainly in the case of CurrencyFair’s model, the more people that use the service, the greater the chance of the overall cost of the transfer being lower. You can already get better than the mid-market rate on certain transfers if you are on the ‘right’ side of the deal. It’s so refreshing to see companies like CurrencyFair and TranferWise giving the whip hand back to the consumer.

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