A Dubai based CFD broker requires a quick reliable means to transfer funds to clients across the globe ranging from Asia to Europe.
Solution
Universe Money issues iBANs in brokers name – in AED and EURO. Funds will be sent locally in AED, transferred to Blockchain and paid out to clients internationally in local currency.
Process
- Broker transfers AED funds to UP issued iBAN
- UP convert AED to USDt within the blockchain
- USDt is then immediately exchanged for Euros on the blockchain
- UP pays out Euro’s locally to client via SEPA to UP issued Euro iBAN
- Broker sends Euros to their clients in EURO’s via SEPA, from broker named iBAN
Timing
Sub 24 hours