International payments are a complete mess

Let’s cut to the chase — the intricate world of international payments is a complete mess. With lengthy processing times, high transaction fees and unpredictable exchange rates, challenges abound for individuals and businesses. 

These hurdles in the traditional financial system harshly impacted me and my family during a critical time of need. In 2020, after the destruction caused by Typhoon Goni, the urgency of sending money to my family living in the Philippines became a stark reality. 

And the traditional method that I had to resort to took days; each moment of delay carried potentially dangerous consequences. What made the situation worse was the fee attached to the…

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