The romance at the heart of P2P currency exchanges

By on May 12th, 2016 in Editorial

When the message reaches Dundee, he is hoisted onto the hands and shoulders of obliging commuters, so he can clamber over them and into the arms of his faraway paramour. Your heart soars, bringing a lump to your throat the size of Tasmania.

Okay, so you’re struggling to see the parallels between this sequence and a peer-to-peer currency exchange. But consider this:  Dundee and Charlton have a burning need for each other’s highly opposing qualities, and are united through a huge, complex network that effectively eliminates any distance between them. As the film ends, they are making a highly passionate exchange of tongues.

Likewise, let’s imagine that your business has a deep burning desire to sell a large sum of Australian Dollars in exchange for a highly competitive amount of US Dollars. At freemarket, we use P2P tech as part of a unique scheduled exchange system allowing you to transact at the mid-market rate, aggregating as many requirements as possible in order to find the perfect counterpart to your transaction. Think of us as currency matchmakers, harnessing the power of the crowd to deliver into your company’s arms the USD of a business that has a reciprocal yearning for AUD.

“Our fees are fixed at a seductively low 0.2% and our terms are as transparent as negligee.”

So now you’re starting to accept the undeniable similarities between P2P currency transactions and a torrid inter-continental romance. Yet you’re worried: aren’t romances unpredictable, subject to the whims and caprices of the heart? Aren’t the flaws hidden by lusty late-night shadows soon revealed in the cold light of day?

Not if you transact with freemarket. Our fees are fixed at a seductively low 0.2% – never more, never less – so there are no nasty hidden charges to sting you in the tail; the terms of our transactions are reassuringly constant and as transparent as negligee.  By positioning ourselves at the forefront of revolutionary developments in fintech, we allow businesses and individuals with highly specific needs to connect with each other in ways that have never before been possible, all while saving up to 75% on their FX costs.

Let us help you find your trading partner. We love it when people come together.

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James is freemarket’s Chief Commercial Officer. He has a history of finding new ways to solve age-old financial challenges and was responsible for launching some of the first online money transfer and prepaid card initiatives in Europe.

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