TransferMole pfp

TransferMole

@transfermole

79 Following
92 Followers


TransferMole pfp
Visa and Mastercard made paying at a point-of-sale as simple as a card tap. 👏 Ever thought about the fact that we never need to think, for one second, about how the merchant we are paying will receive their money? We simply tap a little piece of plastic and a massive coordinated system is activated behind the scenes, converting our money if needed, and depositing it in seconds. No thinking on our part required. 🚫🤔 The same experience will continue to be true as stablecoins get integrated. ➡️ Users will not need to think about bridges, conversions, or merchant wallets. Again and again, point-of-sale systems get access to seamless payment technology AGES before peer-to-peer does. Making crypto seamless means being able to pay each other as easy as if we were tapping a card at a store. You send the currency you want, the receiver gets the currency he wants. What Mastercard is enabling for POS, is exactly what TransferMole is enabling for peer-to-peer transactions. 🫡
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The global remittance market moves over $860 billion annually, helping millions of families receive financial support from abroad, which is amazing! But remittances services are not perfectly accessible.. here are some issues: 🚫 High service fees - Banks and money transfer services take 5-20% in fees per transaction. Meaning if someone sends $500 home, their family could receive $450 or less. Western Union alone made $4.5 billion in revenue last year from remittance fees. That’s money taken directly from people who can least afford to lose it. 🚫 Slow transactions (3-5 days or longer) 🚫 Inconsistent regulations, increasing costs & delays and highly restrict the availability of remittance services to some countries that need it the most. Thanks to crypto and TransferMole, you can send money instantly across borders, without the middleman, high fees, or delays. Just @ their social media username and send. It’s not just an upgrade, it’s a necessary shift in how global payments work. 💸
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