Article Categories
Banks & Banking(37)
- Will Ripple dominate cross border payments transfer market worldwide?
- What would prevent a major social network from becoming a platform for a banking and payment system to replace traditional brick and mortar banks?
- Why is it so easy for some companies like Coinbase to deal with both fiat and crypto when it’s virtually impossible for others?
- Are international banks as strict as banks in the US?
- Is Bitcoin insured by the FDIC?
Blockchain(5)
- Will Ripple dominate cross border payments transfer market worldwide?
- What is the best blockchain guide, book, or overview for product managers? What articles or blogs about blockchain do you recommend?
- Should I sign up to Initiative Q?
- What is the best crypto currency out there outside of bitcoin?
- Will many countries choose to abandon the dollar for their reserve currency and use Bitcoin instead?
Central Banks(3)
- Is there an international body that regulates and manages money wires and transfers?
- Will many countries choose to abandon the dollar for their reserve currency and use Bitcoin instead?
- Is it possible to create a single international currency that is supported by almost every country, that would become the only currency to be used in International trade? [It would replace the US. Dollar as the international currency.]
Compliance(4)
- Does a remittance service/app that help people to find hawaladars or others to exchange their money with, but does not take part in money transactions (exchange will be outside the service/app) need to be registered with the FCA or HMRC in the UK?
- How do startup founders manage the unknown regarding compliance issue without being an expert?
- How do I send money without using my real identity through Western Union?
- Can you recommend any law firms that specializes in payment and money transmission regulation in the US?
Cross Border Payments(6)
- Will Ripple dominate cross border payments transfer market worldwide?
- If I collect money from a party and send using the app of a money transmitter, is this legal?
- How is Remitly sending money directly to a customer’s bank account in India within minutes?
- Why does McKinsey’s report (see URL) imply cross-border flow is in hundreds of trillions of $ ? What does cross-border flow mean in the report?
- Does the recipient of a wire transfer know the senders account information?
Cryptocurrency(14)
- Why is it so easy for some companies like Coinbase to deal with both fiat and crypto when it’s virtually impossible for others?
- Is Bitcoin insured by the FDIC?
- Should I sign up to Initiative Q?
- What is the best crypto currency out there outside of bitcoin?
- Is Ripple a money transmitter under the FinCEN regulation? Do they have a money transmitter license?
Currency(4)
- What do you think about a peer to peer foreign exchange platform? Is it possible to get such a robust market where peers directly exchange currencies, without a middle man? It can be an electronic or x-border exchange, requiring no physical presence.
- As a traveler, where in Denmark should I exchange money in order to have a relatively good rate?
- If the petrodollar loses reserve currency status and all major currencies are tied to it, what is most likely to replace it other than cryptocurrency?
- Can I use USD as cash for ordinary transactions in Venezuela (e.g., taxis, paying for a meal), or do I need to exchange money to get Bolivars?
Financial Regulator(5)
- Are international banks as strict as banks in the US?
- How can I start a money remittance agency in the UK?
- Does a remittance service/app that help people to find hawaladars or others to exchange their money with, but does not take part in money transactions (exchange will be outside the service/app) need to be registered with the FCA or HMRC in the UK?
- What would be the procedure to put a tax on remittances sent from the US?
- Does money transmitter A need to notify state regulators of his or her agreement with another money transmitter B? Are MTOs free to enter and exit agreements as they wish without any permission from regulators?
Fintech(4)
- What are the best podcasts about fintech?
- Which are the best non-blog resources to stay up do date with FinTech developments?
- Is is smart for a fintech startup to develop a blockChain application while the main target audience is banks? Wouldn’t installing nodes on banks’ devises be a major security concern for these banks?
- How do traditional banks respond to the rise of challenger banks?
Government(9)
- Is Bitcoin insured by the FDIC?
- Are national and commercial banks the same?
- How do I get Forex account replenished while the central bank of our country makes a huge restriction on foreign currency transfers?
- Will many countries choose to abandon the dollar for their reserve currency and use Bitcoin instead?
- If a person hides money in offshore accounts, how are they able to spend it back in the country without getting caught?
History(6)
How It Works(15)
- How can TransferWise send money abroad very fast?
- From an economic and political point-of-view, what is happening in the UAE today?
- Can someone know my withdrawal and deposit account by using my SWIFT code?
- How is Remitly sending money directly to a customer’s bank account in India within minutes?
- What’s the most interesting thing you’ve learned about money?
Legal(11)
- Would it be legal in the US for a business to effectively create their own currency in which all of their products must be bought? Anyone who wanted to buy anything would exchange the USD to the store currency. There would be no exchange fee.
- Do I need a money transmitter license if I receive money on behalf of a person in another country (e.g., Ghana)? I make a pay out to this person in Ghana at the end of every month. This arrangement prevents excessive microtransaction fees.
- Will an app that allows people send money internationally be disruptive? This app allows users become their own money transmitters by personally exchanging currencies with other money senders, eliminating the need for money transmitters.
- Are payroll service providers considered to be money transmitters/money service businesses? And if not, why?
- If I receive money on behalf of another person to make a purchase online for them, am I a money transmitter? I am in the US receiving dollars to make purchase online on behalf of a person living outside of the US.
Licensing(16)
- If I want to start an international money transfer business, do I have to obtain money transmitter licenses AND an MSB license?
- If I collect money from a party and send using the app of a money transmitter, is this legal?
- How can I start a money remittance agency in the UK?
- Is a Money Service Business that is exempted from money transmission license requirement required to be licensed in all US states or is FinCEN registration sufficient?
- Would it be legal in the US for a business to effectively create their own currency in which all of their products must be bought? Anyone who wanted to buy anything would exchange the USD to the store currency. There would be no exchange fee.
Money(24)
Money Transfer(36)
- How can TransferWise send money abroad very fast?
- What are things that complicate the system of remittances?
- If I collect money from a party and send using the app of a money transmitter, is this legal?
- Why do we continue using expensive payment processors like PayPal and WU when there are inexpensive alternatives?
- What payment solution/gateway is recommended besides Paypal? Is Xoom working in Pakistan? I need to receive funds from the US.
Pakistan(7)
- What payment solution/gateway is recommended besides Paypal? Is Xoom working in Pakistan? I need to receive funds from the US.
- Payoneer withdrawal to local Pakistani banks is classified as ‘ATM Transfer’ and not ‘Home Remittance’ (which is tax-free), why is it so? How to prove in tax return that it’s a home remittance?
- Can I use PayPal account in Pakistan National Bank?
- Is there any social security number for people in Pakistan?
- Can I send funds from Pakistan to Australia using TransferWise?
Payment Institutions(13)
- What would prevent a major social network from becoming a platform for a banking and payment system to replace traditional brick and mortar banks?
- Which companies are large enough that missed out on the payments play?
- Payoneer withdrawal to local Pakistani banks is classified as ‘ATM Transfer’ and not ‘Home Remittance’ (which is tax-free), why is it so? How to prove in tax return that it’s a home remittance?
- Would Transferwise be a good company to send money abroad?
- Can I receive funds in my Payoneer account from another Payoneer account?
Payment Processing / Processors(12)
- Will mobile payments ever replace credit cards in the U.S.? What are the obstacles?
- What would prevent a major social network from becoming a platform for a banking and payment system to replace traditional brick and mortar banks?
- Why do we continue using expensive payment processors like PayPal and WU when there are inexpensive alternatives?
- Is Apple pay a successful mobile payment application?
- How do I find the merchant name using the merchant ID? There was a transaction done, but I don’t know the details, how do I get it? I only know the MID on my bank statement.
Remittances(10)
- What are things that complicate the system of remittances?
- How is Remitly sending money directly to a customer’s bank account in India within minutes?
- Does the government tax money transfers, such as Western Union, from the US to foreign countries?
- Would Transferwise be a good company to send money abroad?
- What would be the procedure to put a tax on remittances sent from the US?
Technology/IT/Apps(3)
- What do you think about a peer to peer foreign exchange platform? Is it possible to get such a robust market where peers directly exchange currencies, without a middle man? It can be an electronic or x-border exchange, requiring no physical presence.
- Will an app that allows people send money internationally be disruptive? This app allows users become their own money transmitters by personally exchanging currencies with other money senders, eliminating the need for money transmitters.
- What do you think about an Uber model for remittance? An app where money senders in opposite direction get matched and do local money exchange. The exchange is insured against default by digital assets on the blockchain.