End of Forex Exchange Fees Via Bitcoin-Like App? What’s the Downside?

by Mike ‘Mish’ Shedlock
Mish Talk

Trading dollars for euros, Yen, Icelandic króna, or any other currencies typically involves hefty conversion fees.

Those fees soar at airport currency exchange counters.

A new Goldman-Barclays app that uses the Bitcoin blockchain algorithm may reduce or eliminate those exchange fees.

When that happens, currency exchange counters, now common all over Europe will soon vanish.

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