Wise logo is seen on a smartphone in front of a displayed detail of the same logo in this illustration taken June 18, 2021. REUTERS/Dado Ruvic/Illustrationhas suspended transfers in Ghana's cedi currency after a rapid appreciation against the dollar this week made it more expensive to move money to the West African country, a Wise spokesperson said on Friday.
The cedi is up 47% this week against the dollar, Refintiv Eikon data showed - a record appreciation for a currency that only last week had been among the year's worst performers. Reuters reported at the end of last week that Ghana and the International Monetary Fund were set to announce a staff-level agreement for a $3 billion relief programme, which was thenA spokesperson for London-based Wise said that cedi functions, which were suspended Thursday, would be restored "as soon as the situation has stabilised" and that only a small number of transfers were affected.
Fintech died ..lol...fug with stupid fintech
1. Better alternatives
Un lien avec ça ?
That moment you realize cryptos keep doing the job.
The final destination of all remittance service providers that incur credit risk to offer cross-boarder payments to their customer. It is so apparently that Bitcoin with Lightning ⚡️ will eat legacy remittances service providers for lunch. 😂 Bitnob_official 2 - 0 Wise
bitcoin fixes this
Farewell !
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I can openly say it is a WISE decision
paywithTred (crypto) Is coming through for Ghana 🇬🇭 Crypto will serve Africa!
Thank God for bitcoin.