Startup Showcase: CurrencyFair – The P2P Currency Exchange Revolution

Say Goodbye to High Bank Fees and Hello to Unbeatable Exchange Rates

CurrencyFair is a P2P online marketplace that allows individuals and businesses to exchange currencies and send funds to bank accounts worldwide. With a focus on affordability and simplicity, CurrencyFair is revolutionizing the way people exchange currencies.

A Simple and Anonymous Process

CurrencyFair’s customers can exchange currency using a three-step process that is simple and anonymous. Funds in the currency to be sold are sent to the corresponding CurrencyFair bank account, credited to the user’s individual CurrencyFair account, and made available for exchanging. Available funds in a user’s account can then be exchanged into another currency using the corresponding marketplace, and the received funds can be sent out to a bank account as instructed online.

Unbeatable Exchange Rates

Customers have the choice to exchange immediately at the best rate available, which is usually no worse than 0.5% from the interbank rate and sometimes better, or place an order at a better exchange rate and wait to be matched off by another customer exchanging on the opposite market. Funds that are placed unmatched on the marketplace are aggregated by rate and may be matched in part or in full at any time.

Regulated and Safe

CurrencyFair is regulated by the Irish Financial Regulator as an Authorised Payments Institution under the European Payment Services Regulations 2009. As an Authorized Payment Institution, CurrencyFair is required to provide safeguards around client funds during the exchange and transfer process. CurrencyFair maintains segregated client accounts and client funds are never commingled with CurrencyFair’s own money, ensuring that in the unlikely event of CurrencyFair encountering difficulties, all client funds remain ring-fenced and would be returned to customers.

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Conclusion

CurrencyFair is a P2P online marketplace that allows individuals and businesses to exchange currencies and send funds to bank accounts worldwide. With a simple and anonymous process, unbeatable exchange rates, and regulated and safe operations, CurrencyFair is the perfect solution for anyone looking to exchange currencies affordably and with peace of mind.

Website: https://www.currencyfair.com/

Twitter: https://twitter.com/currencyfair

Facebook: https://www.facebook.com/CurrencyFair/

LinkedIn: https://www.linkedin.com/company/1097995/


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