Diem – A rebrand of Facebook’s Libra

Re:Diem – A rebrand of Facebook’s Libra by tomp on Sunday December 06, 2020 @12:18PM (#25324892)

I don't mind the fee per se I just object to obfuscating it (which I term "fraud" thought that might not be the legal definition).

NatWest app says £0.00 fee and some FX rate but when I compare with TransferWise, the difference is £250, which means that the "FX rate" implicitly contains the fee.

Maybe not "fraud" legally but I don't want to support such non-transparent business practices.

[ Parent | on HN ]

Re:Diem – A rebrand of Facebook’s Libra by raverbashing on Sunday December 06, 2020 @02:09PM (#25325779)

If it's a fixed cost, it's a fee

Yes banks charge commission (where TW usualy has a cost advantage but anyway, it's a money maker for banks and calculation of the fx rate to be used at a given moment is not something simple)

[ Parent | on HN ]