When it comes to sending or receiving money, there are plenty of options. However, for low cost transfers that take place in mere seconds, and for transfers of regular currency as well as cryptocurrency, a different type of transfer will be necessary. That is why a resource like Filthy Lucre has been so beneficial to people looking for specialized transfer services.
What people want, perhaps more than ever these days, are transfers that happen quickly and aren’t hampered by remote locations. The great thing is there are plenty of blockchain based transfer services that offer transfers in as little as 2 to 5 seconds anywhere in the world.
The second benefit is that there are no intermediaries when sending money via a blockchain transfer service. However, for documentation purposes, the transfer is validated and placed on the transfer service’s ledger. When money is sent from one person to another, those on the network will validate the transfer. Once a certain number of validations are achieved, the transaction is placed on the transfer service’s ledger.
Personal Information Secure
Some people are concerned that those validating the transfer are seeing a sender or recipients personal information. However, what the validators are seeing is only the transfer data. This ensures that a sender or recipients personal information is never disclosed by the transfer service.
Lastly, there is the matter of costs. Most transfer platforms allow for free transfers with no transaction fees when money or other currency is sent between two members of the platform. There are associated fees for people outside of the service’s membership. In addition, if American dollars are being transferred into Euros, many services work with a network of providers to ensure the transfers get the most advantageous exchange rates.
While there are plenty of bank provider money transfer services, if you’re looking for something with a more extended reach, or perhaps you’re looking to transfer cryptocurrency to a friend, relative or business partner, blockchain services make the most sense. With so many options, however, it may be best to do some research to find out which companies offer the best features, which are highly rated by customers, and ultimately, which one you feel most comfortable with.