Hacker News new | past | comments | ask | show | jobs | submit login

Money transfers internationally incurs fees too. And if the US banks close the opportunity to do it at all, that incurs an even higher cost for people who need to support their family for example (forcing them to e.g. take trips to hand over cash).

It's not going to happen overnight, but if USD transfers gets too expensive and difficult, it's a natural outlet. And I'm sure illegal money transfer services will spring up to (have a pile of drug money in Mexico and want to move it into the US without the complexity of moving the cash? Sell money transfer from the US to Mexico)




Guidelines | FAQ | Support | API | Security | Lists | Bookmarklet | Legal | Apply to YC | Contact

Search: