Re:Brazil's government-run payments system has become dominant
by xeromal on Tuesday April 08, 2025 @10:12PM
(#43628306)
Kind of a tangent but I have some friends that are kurdish and that's how they transfer money to and fro the US and skirting whatever limits/regulations exist. They just give money to a money family in kurdistan and the money family here in the US hands it to them out of a restaurant or whatever. I've been fascinated with it since I knew it existed. It's all the same stuff with various coats of lipstick.
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Re:Brazil's government-run payments system has become dominant
by fruit2020 on Wednesday April 09, 2025 @01:50AM
(#43629259)
Don’t they need to pay for the plane ticket?
Re:Brazil's government-run payments system has become dominant
by ljf on Wednesday April 09, 2025 @02:04AM
(#43629320)
No they mean that a family member in the US gives them some of their own money, but records it to a family ledger. At some other point funds or value will be transferred, but it isn't transferred within the family for every payment.
Similar to https://en.m.wikipedia.org/wiki/Hawala
Re:Brazil's government-run payments system has become dominant
by xeromal on Thursday April 10, 2025 @09:27PM
(#43649556)
This is exactly what it is. I kind of dig it and I'm glad I know the name now
Re:Brazil's government-run payments system has become dominant
by xeromal on Thursday April 10, 2025 @09:28PM
(#43649568)
Someone posted a link in response to you, but no money actually crosses borders.
I think the best way to explain it is an example.
My contact needs to get money to his family across the world. I happen to have a cousin that I love and trust who lives there and runs a gas station. My contact gives me 10k USD + a fee and then I call my cousin and tell him to give 10k to the contact's family member if they give the right password. At the end of the year, I meet up with my cousin and I bring him some gold or other goods depending on what our deficits are to each other.