A multi-national e-commerce business, headquartered in France, wish to repatriate funds from its operations in Asia. The requirement is to convert Thait Bhat to Euros and transfer to their bank account in France.
Solution
Universe Money reviews client’s requirements and determines best routing option is via Blockchain.
Process
- Client is instructed to send funds locally to UP partner in Thailand
- UP arranges to convert THB to USDt within the blockchain
- USDt is then immediately exchanged for Euros on the blockchain
- UP issues client Euro iBAN in client’s business name
- UP pays out Euro’s locally to client via SEPA to UP issued Euro iBAN
- Client transfers Euros to their own Euro denominated bank account in France
Timing
Sub 24 hours