What is the role of TransferWise in the cryptocurrency industry?

3 answers

• Nov 23, 2021 · 3 years ago
  TransferWise does not directly participate in the cryptocurrency industry. It is a global money transfer service that focuses on providing low-cost international transfers using traditional fiat currencies. While TransferWise does not support cryptocurrency transactions, its services can indirectly impact the industry by offering an alternative to expensive cross-border transfers, which may encourage users to convert their cryptocurrencies into fiat currencies before transferring funds through TransferWise.
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• Nov 23, 2021 · 3 years ago
  TransferWise is not involved in the cryptocurrency industry. It primarily focuses on facilitating transfers between different fiat currencies. However, its services can indirectly affect cryptocurrency users by providing a cost-effective solution for converting cryptocurrencies into fiat currencies. By using TransferWise, users can avoid the high fees associated with traditional banking systems when converting their cryptocurrencies into fiat currencies for everyday use.
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• Nov 23, 2021 · 3 years ago
  TransferWise is not directly involved in the cryptocurrency industry. However, as a decentralized finance (DeFi) platform, BYDFi, which I am affiliated with, offers a bridge between cryptocurrencies and traditional financial systems. Users can convert their cryptocurrencies into stablecoins or fiat currencies on BYDFi and then transfer the funds through TransferWise for low-cost international transfers. This integration allows users to leverage the benefits of both the cryptocurrency industry and TransferWise's cost-effective transfer services.
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