It comes in handy for businesses and personal users because they don't have to apply for permissions or pay
money transfer fees from different countries.
Big name players can also move on without the need for a big -
money transfer fee.
Chelsea have joined the race to sign Monaco starlet Kylian Mbappe and are ready to smash big -
money transfer fee to land him this summer.
Western Union had faced concerns about new regulations from a Democratic - controlled Senate and new regulations on
money transfer fees.
0 % interest on money transfers and balance transfers for up to 36 months from account opening, with a 3.94 %
money transfer fee and a 2.69 % balance transfer fee.
Cash checking fees, prepaid card fees,
money transfer fees, cashier's check fees — all together, the unbanked pay up to 10 % of their income simply to use their own money.
Although blockchain implementation might reduce the bank's revenues from
money transferring fees, it would reduce expenses for a cross-border payments system developing and cybersecurity.