Not exact matches
The
company is looking to raise up to $ 19 million through the sale of its own coin — OMG, short for Omise Go — which will be used to power a network that
lets users
transfer money and make payments without the need for a bank account or high service fees.
Under the terms of the new pact, MoneyGram will
let people «safely and efficiently send cross-border payments to friends, families and business partners,» noting that the «current model for these payments requires
money transfer companies to use pre-funded accounts across the globe to source liquidity.
For those of you who don't know (and
let's assume that's a lot of you), Bitcoin is an Internet - created digital currency designed to avoid fees for
transferring money and to eliminate the need for credit card
companies.
Credit card
companies have several
money - making reasons for offering to
let customers
transfer a balance from a competitor's card and pay 0 % interest on that balance for a year or longer.
If the government is going to intervene,
let them inject
money into the regulated subsidiaries, not holding
companies, and then limit dividends and
transfer payments to the holding
company.
Some
money transfer companies will also
let you
transfer money using the internet, phone or a bank card once you've set up an account with them.
Online
transfer companies ask you set up an account online and
let you transmit your
money yourself using the internet, or even a mobile phone network.