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Re:Show HN: World’s first £3 flat fee (0% FX markup) money t... by beefield on Wednesday March 09, 2022 @06:05AM (#30613228)
My hat is off if you can pull it off, but I have to say it sounds economically dangerous. To you, that is. (And still, as long as you do not show your bid/ask, it looks like you are hiding something in your price.)
Re:Show HN: World’s first £3 flat fee (0% FX markup) money t... by Gareth321 on Wednesday March 09, 2022 @09:26AM (#30614696)
There isn't much systemic risk if they're locking in their conversion rates with providers at the time of customer transaction. The risk is in the fee structure: will they attract enough customers to actually keep the lights on with that fee? I certainly hope so, because this is so great if it ends up working as advertised.