Skype Employee Number One Launches TransferWise To Disrupt Currency Exchange
TransferWise launches its online currency exchange today, which hopes to give the banks a run for their money, along with disrupting the consumer-end of the money exchange market as a whole. The headline proposition is that the platform gives anyone access to the same mid-market exchange rates that banks get on their interbank market, with TransferWise charging a flat fee of Â£1 for each transaction regardless of the amount being exchanged. That’s potentially a big deal.
But what’s equally notable is the company’s founders, which includes Skype employee number one Taavet Hinrikus.