Sentences with phrase «traditional money transfer systems»

But what's interesting about this is that majority of these people don't have access to traditional money transfer systems.

Not exact matches

That's why Western Union is interested in a pilot program — on a system like Bitcoin or Ripple, a transaction takes mere minutes to complete and at a much lower cost than traditional money transfers.

In contrast to the traditional banking system, which runs wire transfers through the Automated Clearing House, Uphold's value proposition is the ability to send someone money more quickly and more cheaply.

Additionally, the costs of these blockchain - based money transfers tend to be significantly lower than traditional systems.