In my constant search for stuff that will:
- make my day better
- contribute to a greater world
- enhance the MYC4 offering
… I just stumbled upon an online service that simply had to be introduced one day.
There is not a day where I don’t hear about some new P2P service popping up, but today’s online service deserves a small post here, so please help me in welcoming Transferwise.
Being an investor on MYC4 you experience that currency exchange plays a vital role regarding your profit… good as well as the opposite. Over the years we have looked into several solutions (e.g. The Currency Exchange Fund) which one way or the other did not have the fit to follow through. This said, one thing is sure, we will continue to be on the look-out for possible paths for you to manage the exchange. Is this by introducing MYC4 as a multi currency platform or by going the South-South way or???
Yes, Transferwise is only dealing in GBP and EUR today, but if it is possible to make a P2P set-up like this, I only see this as paving the road for somebody to introduce an exotic currency exchange P2P platform (if you only knew what MYC4 pays for transferring funds via London, OUCH!!).
Have a great day…
P.S. Oh, now that I have your attention: if you know an institutional investor out there that could be interested in investing via MYC4, we would very much welcome this! MYC4 is growing and to keep the wheels spinning we need liquidity on the platform. Amongst other, the new P&L should lubricate the considerations. Send me a mail (tim at myc4.com) if you want an electronic version of our Impact Investing “prospectus”.