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Is it possible that he doesn't understand? I've been using BTC to transfer money in Australia since 2015. How many OTC dealers have connected with ?
In fact, is the direct competitor of Airwallex, and Airwallex's story has already reached its end. They can no longer raise funds.
Why?
Airwallex still can't solve the problem of enterprises opening accounts with them. The account names carry the "-Airwallex" tag, which causes banks to reject payments.
The issue is, wasn't their core narrative "I'll help you open an account"? But the bank account you opened is actually hardly usable. What problem does this solve?
Of course, these are just the tip of the iceberg. In the future, when local geopolitical tensions or even wars break out, current international KYC/AML regulations will be further invalidated. Airwallex's narrative has reached a dead end. If they don't go public and exit soon, they'll have to wait until their next life.
One's position determines one's perspective.
Jack Zhang
@awxjack
06-07
Investors keep asking me about stablecoin, and how that can reduce FX fees; if you send money from USD to EUR, and the receiving end still requires to receive EUR in their bank, I can’t see any ways stablecoin can reduce fees - off ramping from stablecoin to recipient currency
That's what I mean. This thing is worth 6 billion, which is the limit of IQ tax.
He dealt with some banks that wanted to do business but were afraid of risks and gave them a separate green light.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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