With top marks in global business competitiveness, happiness, quality of life and innovation, the UAE continues to attract expats from around the world. In fact, the expat concentration in the UAE is one of the highest worldwide, with about 80% non-Emirati. Choosing a bank is among the first things to do as an expat when …
Table of Contents What is Bitcoin? Bitcoin is the first decentralized digital currency. The management of transactions and the issuance of bitcoins is managed collectively by the Bitcoin network and its users. Therefore, it has no central bank or single administrator. Bitcoin is the first digital-only money. The symbol for bitcoin is BTC or XBT. …
With the rise of Cryptocurrencies in daily use or as an asset class, we’ve recently stumbled upon Crypto ATMs. A crypto ATM is a useful tool to have at your disposal to easily exchange your crypto to cash whether at home or abroad. This guide should bring you up to speed on any questions you …
Table of Contents What is a Cryptocurrency? A cryptocurrency is digital money or currency. Cryptocurrencies ,or crypto for short, are a form of virtual money that can be used to buy and sell goods and services like regular money. It is a type of digital asset that is used to store value or used as …
What is an international money transfer? As the name sounds, an international money transfer is simply the sending of money from one country to a different country. If you’ve recently become an expat or you are expanding your business internationally, you’ll need to complete an international money transfer. Historically, international money transfers usually involve many …
The Ultimate Guide to International Money Transfers Read More
With an increasingly globalised world, there has been a growing need for international money transfers. As such, many financial service companies specializing in international money transfers have sprung up to meet this need. These international money transfer companies focus on making international money transfers affordable and convenient for users. They also offer these distinct advantages …
1. What is a swift code? A swift code (or BIC code) is a unique alpha-numeric (letters & digits) code used to identify the bank, branch & country a bank or financial account is registered in. When transferring money internationally, you will need your recipient’s swift code so that money goes to the right account. 2. Why are …
