Tech of the week: TransferWise
Practically Perfect PA
JANUARY 6, 2017
What is TransferWise. TransferWise is an online money transfer service. It allows users to move foreign money from one bank account to another while avoiding high bank fees. What does it do? Using peer to peer technology, TransferWise is 8 times cheaper than transfering money via a traditional bank. If someone wants to change pounds to euros, the technology will match someone who wants to transfer euros to pounds.
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