Create a new financial country and send money there


Finance, finance, finance. Everything is about economy when you create a new country. You could think it is a political thing but in the end, the power is among the one who’ve got the money. This is why the new US president is so powerful, he’s got money and political power. I would be afraid if I was living there. So if you ever need to create a country, the first thing to do is… wait for it

Create your own currency

… to create your own currency, right. If you knew it, you get 10 bonus points. How to do it? It’s really easy now, just create a blockchain or use an existing one, copy the open source project of a wallet and white label it to your bank name. Now you are set up and can start sending money between your account

Create your own bank

This part has been covered just on the top part. I should remove it but I don’t know how to do it. Just remember that banks are usually expensive, so you can charge a lot with your user. The best is to hidden fees and smile a lot to your client so that they think you are the good guys. It’s not easy to do, you need to find the good mix, but in the end, it doesn’t matter, even if you crash, the government will pay for you.

Create your tax system

How can you be sure that your citizens will pay what they owe you? Blockchain system is quite useful for this as it allows you to track down everything they did and how they did it for how much

Attract people and money

Let’s focus on the money part, you want people to invest and transfer as much money as possible to your country. And to do this it’s pretty easy, just give them the best exchange rates you can get, and it’s easy if you control the rate of your currency right? Also try to do this for large sum of money as a broker or something like this. Best of luck !



The ultimate guide about hidden fees in money transfers


The concept of hidden fees can be applied to many different industries but it has an essential function in the finance industry. The financial concepts are so complex to understand that many people refuse to calculate anything and prefer not knowing that they get screwed. I want here to explain why there are hidden fees in the money transfer industry and try to be as simple as possible to tell you how it’s easy to calculate hidden fees in your money transfers services.


Why do hidden fees exist in money transfers?

First of all, hidden fees are fees that are included in the exchange rate that is applied. You are not told that there are fees but there are. Usually when there are advertisements which are false in the supermarket industry, they get banned and have to pay fines. Here in the financial industry there is no rule preventing the banks and financial institutions to screw people with high fees that are hidden. Money transfers is still a market that is mostly powered by banks and we know how much power the banks have over the regulations, the governments and the countries. That’s my why.




How to calculate hidden fees in my money transfers?

The amount of hidden fees in an exchange rate is the difference between the official exchange rate you can find on google or reuters and the one that is provided to you by the financial institutions. For money transfers to Africa those hidden fees reach 20% even in the US and in Europe.

There is another very efficient method to calculate hidden fees. You have to look for a hidden fees tracker on google search, you’re going to put the current operator you are using (even your bank) and the calculator will make sure you know how much fees you pay.


It’s completely unfair that there are hidden fees in the money transfers today. However they exist and the best way to fight them is to figure out how much fees you pay on money transfers. Then you can choose another money transfer company thanks to any comparison service.

How to transfer money to a country which does not exist?


When I was a child, most kids wanted to becomes astronaut or rich. I didn’t, I always wanted to transfer money, and particularly to country which doesn’t exist. This is the hardest part, and it has never been executed before, this is why I find it so exciting! Let see why you would need to do this.

Not recognized country

Easy example but you have to know that the UN is not recognizing everything. There is a lot of countries that are not recognized and don’t exist to the eye of many websites based on the ISO country list. For example, the empire of the earth nation, which is localised on some small island in just not there. I don’t really know why, though I like them. If you want to transfer money to one of these countries it should be easy, because the UN will think they are part of another country and the money transfer operator won’t mind.

Country in your imagination

If you want to transfer money overseas to the country of the unicorns, basically, just avoid to do it. In this country you don’t need money, or you are the president anyway, am I wrong? But please, you are going too far, if you recognize yourself here, just go to talk to a psychologist.

Country which doesn’t exist anymore

Yugoslavia or URSS are not easy to transfer to. You can go to your bank, to Western Union or to many money transfer provider, none of them will let you transfer. Most of them actually don’t even know anymore how to address a bank account there, it changed so much…


Countries to come

This depends on regulation which doesn’t exist yet, also a tricky case. You don’t know the currency and the economical system. The best thing to do is to wait a bit longer until you know more about this country, and then, just do everything to get the best exchange rate and to exchange everything fast, simply and cheap.


What is the limit in how cheap an international money transfer can be


If you are like me, passionated about money transfer, you are at the good place. Today, we will think and innovate about the theme of money transfers and how can we reduce the price of sending money abroad. We will wonder about how to cut the cost on the last mile, we will wonder about how in the future can we reduce the cost of a transfer and so on. Let’s first take a big breathe, a big inspiration and relax in our chair. I’d like to suggest a good bourbon for a good afternoon talk.

What is expensive today?

Expensive is a relative term indeed, what do I mean when I say that an international money transfer is expensive? Hum… Let’s take some examples here. Sending money from the UK to Kenya cost in average 12% if you are sending 300GBP. This is expensive. Let’s see another example, buying a house abroad in Singapore from the US would cost you up to 10 000USD in change, which is around 0.5%, this is also really expensive. If we try to make a formula out of it. I would say that expensive is everything that is more than 0.1% multiplied by the inverse of the amount you would like to send.

How tomorrow can be better

We can revolutionize these fees. One way is to compare when you send the best solution to make your money transfer, using websites such as Moneytis. Another way is to use better technology, such as blockchain technology  to reduce the cost. The best is to avoid currency exchange rates and to always use the same worldwide currency. We could imagine a system where the is a common currency that everyone can use and when someone needs to pay to someone who doesn’t accept it, the money is automatically exchanged and the person receives what he wants


Though it can never be free, even if we use blockchain and a worldwide currency, a transfer will always have a small cost. That should not be a problem if it stays inside the formula we just defined.


What will be the future of money transfer overseas ?


Elon Musk intends to send people to Mars in the coming years. What impact will this have on money transfer overseas ?

Will we send money to Mars some day ?

Money transfer overseas is already a huge and impressive Market. There are more than 50 000 different country couples. Sending euros to pounds is one country couple and sending pounds to euros is another one. People send 600 billion dollars per year from one currency to another. And companies send ten times more! As you can see, money transfer overseas is not an isolated process and is a regular need for many people. What then if we start having to send money to Mars ? Will we be able to use new servives for example ? How will we compare them ? Well unless Elen has also designed a new world in which people no longer need money, then it seems we might have to be able to send money to Mars someday.


How many people are concerned by money transfer overseas?

Today, over 250 million people live outside their homeland. These people are all potentially concerned by money transfer overseas. And if we had the extra 1 billion Martians willing to send money to earth, see how many people are concerned by money transfer overseas which could even be called money transfer over planets in this last case ! More seriously if we forget about the Martians we haven’t yet met in person, this is already a huge market of 250 million people which is not declining…on the contrary. Some recent studies have shown that we might reach 10% of the world population living outside their homeland. That is to say 3 times more than today !

Let’s see how all this evolves & I am curious to see what the exchange rate between “Martian crown” and euro will be 🙂


Top 6 money transfer startups


Since the big 2008 crisis, it is difficult for a lot of people to trust the banks. That’s why the online market about money transfers is growing year after year. Nowadays, more and more startups are born. You can find below 6 of the best money transfers startups which can help you to send your money abroad.



WorldRemit has been created in 2010 and develop a solution suitable for money transfers towards africans countries and asia. In these countries, the bank solutions are not for the moment very present. Worldremit can transfer the money in 260 different mobile wallets all around the world. Worldremit withdraw 1€ by money transfer you do and you can receive the money by bank transfer or in one of their partner.


Currency Fair is a place in the market where the users have to deposit money on one account before to exchange money when the exchange rate is in their favor. And after, they can send the money to another account. They take a commission of 0,15% in case of matching, if not, 0,4 or 0,5%, adding 3€ of flat fees.


Transferwise had been founded in 2011. With transferwise you can transfer your money from bank account to bank account in 1 click only. 700 millions of euros are sent every month. They are available in more than 50 countries and 125 destinations all around the world. They use the peer to peer system.


Moneytis has been founded in 2014. It helps you to find the best way to send money abroad. Available in 14 000 couples of countries, you have the possibility to save €17 for a €300 money transfer. This comparator is 100% free for the particular and transparent to bring knowledges about hidden fees.


Pay top has been launched in 2012 and offers different online services to help on international money transfers. You can do your money transfer at a reduced price towards 138 countries. You can buy currencies without flat fees and home delivery. You have also a payment card with multicurrencies which allows you to avoid the bank fees when you do an international money transfer.


Azimo has been created in 2012. Azimo allows you to receive the money in cash pick-up, transfer, mobile recharge or wallet mobile in 198 countries and currencies. The Azimo cost is 85% inferior compared to a bank.

To conclude, according to your needs and the countries you target, you can find the best startup which can help you to send your money abroad. Some are specialized in some of countries or continents, others are specialised in method of payment or method transfer… Using a new money transfer service like one of those, you can save more money compared to a bank service. Like, a lot more. Trust me.