Article Categories
Banks & Banking(39)
- 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?
- Can I use PayPal account in Pakistan National Bank?
- Is Bitcoin insured by the FDIC?
- Will Ripple dominate cross border payments transfer market worldwide?
- Why is it so easy for some companies like Coinbase to deal with both fiat and crypto when it’s virtually impossible for others?
Blockchain(5)
- Should I sign up to Initiative Q?
- What is the best blockchain guide, book, or overview for product managers? What articles or blogs about blockchain do you recommend?
- Will Ripple dominate cross border payments transfer market worldwide?
- 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?
- 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.]
- Will many countries choose to abandon the dollar for their reserve currency and use Bitcoin instead?
Compliance(4)
- Can you recommend any law firms that specializes in payment and money transmission regulation in the US?
- How do startup founders manage the unknown regarding compliance issue without being an expert?
- 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 I send money without using my real identity through Western Union?
Cross Border Payments(6)
- 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?
- If I collect money from a party and send using the app of a money transmitter, is this legal?
- Will Ripple dominate cross border payments transfer market worldwide?
- Does the recipient of a wire transfer know the senders account information?
- How is Remitly sending money directly to a customer’s bank account in India within minutes?
Cryptocurrency(15)
- Is Ripple a money transmitter under the FinCEN regulation? Do they have a money transmitter license?
- Should I sign up to Initiative Q?
- Is Bitcoin insured by the FDIC?
- Why is it so easy for some companies like Coinbase to deal with both fiat and crypto when it’s virtually impossible for others?
- How difficult is it to get money transmitter licenses in the United States for a crypto exchange?
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?
Economics(2)
Financial Regulator(5)
- How can I start a money remittance agency in the UK?
- Are international banks as strict as banks in the US?
- 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?
- 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?
- What would be the procedure to put a tax on remittances sent from the US?
Fintech(4)
- What are the best podcasts about fintech?
- How do traditional banks respond to the rise of challenger banks?
- 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?
Government(9)
- Is Bitcoin insured by the FDIC?
- How do I get Forex account replenished while the central bank of our country makes a huge restriction on foreign currency transfers?
- 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.]
- 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(17)
- How can TransferWise send money abroad very fast?
- Does the recipient of a wire transfer know the senders account information?
- From an economic and political point-of-view, what is happening in the UAE today?
- How is Remitly sending money directly to a customer’s bank account in India within minutes?
- Can someone know my withdrawal and deposit account by using my SWIFT code?
Legal(11)
- Are payroll service providers considered to be money transmitters/money service businesses? And if not, why?
- How can an overseas Pakistani submit a tax return (with no income source) in their home country?
- 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.
- Can you recommend any law firms that specializes in payment and money transmission regulation in the US?
- 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.
Licensing(18)
- If I want to start an international money transfer business, do I have to obtain money transmitter licenses AND an MSB license?
- How can I start a money remittance agency in the UK?
- Are payroll service providers considered to be money transmitters/money service businesses? And if not, why?
- How can a money transfer startup with limited funds get money transmitter licenses in the US? Is there a workaround?
- Is Ripple a money transmitter under the FinCEN regulation? Do they have a money transmitter license?
Money(26)
- Where and how does PayPal deposit user’s money?
- Do economists consider money in a Venmo or Paypal account M1 or M2?
- How do I get Forex account replenished while the central bank of our country makes a huge restriction on foreign currency transfers?
- How much US currency physically exists? What percentage of US money only exists as data on banks’ computers?
- Will mobile payments ever replace credit cards in the U.S.? What are the obstacles?
Money Transfer(37)
- How can TransferWise send money abroad very fast?
- What are things that complicate the system of remittances?
- Can I receive funds in my Payoneer account from another Payoneer account?
- What payment solution/gateway is recommended besides Paypal? Is Xoom working in Pakistan? I need to receive funds from the US.
- If I collect money from a party and send using the app of a money transmitter, is this legal?
Pakistan(7)
- 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?
- What payment solution/gateway is recommended besides Paypal? Is Xoom working in Pakistan? I need to receive funds from the US.
- Can I use PayPal account in Pakistan National Bank?
- Is there any social security number for people in Pakistan?
- How can an overseas Pakistani submit a tax return (with no income source) in their home country?
Payment Institutions(13)
- 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 receive funds in my Payoneer account from another Payoneer account?
- How can I add multiple payment gateways to my e-commerce, depending on the location the payment will go to the closest branch?
- Would Transferwise be a good company to send money abroad?
- Which companies are large enough that missed out on the payments play?
Payment Processing / Processors(12)
- Are payroll service providers considered to be money transmitters/money service businesses? And if not, why?
- How can I add multiple payment gateways to my e-commerce, depending on the location the payment will go to the closest branch?
- Why do we continue using expensive payment processors like PayPal and WU when there are inexpensive alternatives?
- Will mobile payments ever replace credit cards in the U.S.? What are the obstacles?
- Is Apple pay a successful mobile payment application?
Remittances(12)
- 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?
- Would Transferwise be a good company to send money abroad?
- Does the government tax money transfers, such as Western Union, from the US to foreign countries?
- Can you receive Western Union without a tracking number?
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.