Foreign Currency Transfers - the great deception - and how to beat it

By Tim Strube

Big institutions bouncing your money around the world like a pinball to multiple fee-charging banks using a complex and expensive relationship network – a desperate stand-in for an efficient transfer solution – all operating at your expense and hidden from your scrutiny by a global agreement to keep the system totally opaque so they can keep skimming money off the top without accountability. And usually, at least six banks are in on this scheme.

That's deceptive. We all deserve better.

One fintech company that's doing just that. It has just launched in the real-time cross borders payment space, providing a competitive alternative to the existing opaque, siloed and inefficient banking networks.

A great user experience is at the centre of the system.

Built on a common global infrastructure and bringing new efficiencies to financial remittances by enabling near real-time settlements, improving visibility and reducing risk, FlashFX delivers tangible advantages from a technical, a financial and user experience perspective.

Based in Sydney Australia, FlashFX is a cutting edge fin-tech startup engineered from the ground up to deliver intelligent foreign exchange transfer services without hidden fees.

Using the innovative Ripple technology platform and XRP, Ripple's digital currency, FlashFX delivers extraordinary transparency, speed and transactional control to users.

FlashFX provides a lean high-performance foreign exchange transfer payment services that safely, efficiently and reliably provides users with a better customer experience.

The technology tightly integrates payments messaging with funds settlements, allowing for unprecedented visibility and performance.

Unlike the banks, FlashFX puts their customers in control.

At FlashFX users can choose a target conversion rate and automate the international money transfer.

With FlashFX users send funds like an email, track transfers like a package, and you are never surprised by hidden charges. There are none.

No deception.

If you want to make a positive difference, skip the banks and take back control. Choose FlashFX for your foreign exchange transfers.

Learn more about FlashFX and sign up to benefit from their cutting-edge technology, great rates, transparency and control.

Tagged in: exchange rates, remittances, currency conversion, banking, digital currency, technology

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