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How do you avoid adverse selection from traders that have lower latency? E.g if £/$ drops from 1.94 to 1.92 can someone aware of this before you convert £ to $ on your platform?
Could you please elaborate a little bit more about your interbanking network, your connection to these etc.? How do you route from UK to Australia, e.g.? To EU?
Do you support instant payments on any of yours connections? If yes, which scheme(s) do you support?
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How do you avoid adverse selection from traders that have lower latency? E.g if £/$ drops from 1.94 to 1.92 can someone aware of this before you convert £ to $ on your platform?
Great question! We hold rates for customers for up to an hour and customers can only hold one rate at a time, so the risk is minimal - but we do price that risk into our business model.
Sounds open to abuse!
Is this only for GBP into other currencies?I use Wise to transfer from my Canadian bank into my Spanish one, would Atlantic.money work for me? Most of the fees I pay are for my Canadian bank to get the money into the Wise system, but this still seems cheaper.
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If you want cryptocurrency at each end, sure, and don't mind exposure to the rapidly fluctuating values, and pick a cryptocurrency that has low transaction fees.