Sending and Receiving Money with Vaughan Smith

Fortune Teller Podcast

Today’s guest on the Fortune Teller Podcast is Vaughan Smith, Chief Operating Officer of Bitso. Bitso is a digital exchange system that offers security and allows users to Purchase and Sell Digital Currencies among one another. A user places Buy or Sale orders in the Bitso market, where they are sold to others who wish to Buy or Sell. Bitso Shift is a new option to send, receive, and convert money in different currencies. Your money can cross international borders with the lowest fees. Some options you can do on Bitso include sending and receiving money between the US and Mexico, save USD, and convert USD to MXN with no fees. Bitso Shift helps users to send and receive wire transfers between the US and Mexico, transactions that are normally international, as if they were local. With the integration of Circle’s group, Bitso Shift allows people to wire transfers in a groundbreaking, handy, and fast way. This helps you overcome the traditional banking bureaucracy and headaches. Circle’s group is a regulated money transmitter in the US. Bitso Shift has partnered with Circle’s group to receive, process, and direct USD wires to the receiver of the money. Bitso Shift is currently open for transactions between the US and Mexico. Regardless of if you own a company or simply need to send or receive USD, Bitso Shift has the lowest fees and is the easiest method. Bitso Shift uses USD stablecoins. These are cryptocurrencies that are pegged or backed by the United States Dollar. As such, they help protect users from the volatility of cryptocurrencies and fluctuation in value. Bitso Shift provides 3 main levels within the system, each having certain requirements for the users to comply with. Before upgrading to the next level, Bitso Shift will handle a “Know Your Customer” procedure and use it to verify the identity of our customers to prevent Identity Theft, Financial Fraud, Money Laundering, and other situations. Bitso uses coupons that are codes that are created or redeemed within the platform to deposit or withdraw funds. The coupons allow for transferring funds to another Bitso user, requiring the generation of a coupon and then transferring it to another person so that they can redeem it. The coupons are also for withdrawing funds from your Bitso account. One can redeem the code whenever one decides to do so. Remember that if you lose your coupon, it may not be recovered. For more: https://bitso.com/ https://www.youtube.com/bitso https://www.facebook.com/BitsoGlobal https://twitter.com/bitso https://instagram.com/bitso https://t.me/Bitso_Global -- The Fortune Teller podcast is a discussion between industry leaders in blockchain and financial technologies. The podcast focuses on the development of blockchain-based financial services and outlines the current state of the industry and future predictions for the adoption of decentralized finance. Go to www.teller.finance/