This is one of the good arguments for a cryptocurrency. (Unlike a lot of the arguments that seem to me completely airheaded.) It could allow what economists call "frictionless" payments including across national borders.
Anyone remember when you could just hand someone a ten dollar bill without some rent-seeking organisation taking a cut? :) - Jim On 19 March 2014 08:56, Jan Whitaker <[email protected]> wrote: > At 06:25 AM 19/03/2014, Martin Barry wrote: > >Roger, we had a slightly different experience where the rate we saw on the > >website was locked in as soon as we submitted the trade. There was a phone > >call within 30 minutes from one of their reps to double check it but the > >rate was locked at the earlier time. We then had a day or two to transfer > >the money. Not sure if this is how it works for everyone or just because > we > >were a known, good customer. > > I think the phone call thing is for the first transaction -- the > hand-holding I mentioned. I can't imagine they would do it every > time. Can't recall the advice on the website. But yes, you are > advised that the transaction will be locked in when you finalise it online. > > I also asked about the time available for doing the transfer from the > other side and they were happy with 2 days, and even said if you let > them know because a weekend intervened, they would try to work with > the client for that as well. They are aware of such time breaks in > places like the US and time zone issues. Because there may be a > penalty if the transfer wasn't initiated in a timely manner, it's > lower risk to do it at the beginning of the week if possible. > > Jan > > > > Melbourne, Victoria, Australia > [email protected] > > Sooner or later, I hate to break it to you, you're gonna die, so how > do you fill in the space between here and there? It's yours. Seize your > space. > ~Margaret Atwood, writer > > _ __________________ _ > _______________________________________________ > Link mailing list > [email protected] > http://mailman.anu.edu.au/mailman/listinfo/link > _______________________________________________ Link mailing list [email protected] http://mailman.anu.edu.au/mailman/listinfo/link
