Sentences with phrase «traditional money transfer service»

If both parties charge 1.5 % for buying and selling the digital currency then they have saved a fortune in fees versus traditional money transfer services that can charge upwards of 8 %, 9 %, or more, for such transactions.

On top of that, migrant workers have to deal with the high cost of sending money to their families in their native countries by using bank transfers or traditional money transfer services.

This would save William more than five to ten percent in transaction fees than if was using traditional money transfer services.

Diaspora Africans have been using traditional money transfer services such as Western Union and MoneyGram to send money to relatives back home.

Not exact matches

A plethora of online - based financial technology startups have sprouted up in recent years, offering alternatives to the traditional banks and money transfer services like Western Union.

Using bitcoin for an international money transfer can also come with multiple steps you wouldn't need to take through traditional transfer services.