What will be the future of money transfer overseas ?

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.

what-will-be-the-future-of-money-transfer-overseas

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 🙂

 

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