Need to transfer money internationally? Just use cryptocurrencies!

Jan 27, 2022

In most people's minds, cryptocurrencies are equated with hype, get-rich-quick and quick bankruptcy, but in fact, the cross-border transfer function of cryptocurrencies is really overlooked by everyone!

After having lunch with my wife at home this afternoon, I walked slowly to Taishin Bank at MRT Zhishan Station, avoiding the crowd.

My wife wants to set up a (Visa Direct) service in Taishin Bank, so that we can send money from Taiwan to our family in Malaysia.

After walking slowly to Taishin Bank, I took the number plate and found a place to sit down and wait for the number to be called. There were many people at the scene, and most of them came to change new banknotes, which were used for red packets during the New Year.

We waited at the scene for about 30 minutes before being called by the Taishin staff.

Then I asked the Taishin staff about the service content of (Visa Direct), and then started to fill in the form to apply. When the form was about to be filled out, the Taixin staff said, (Visa Direct) service needs to fill in the recipient's bank account string. Even the VISA card number, when my wife heard it, she quickly dialed Whatsapp to my brother-in-law and wanted to ask him for relevant information, but my brother-in-law was busy, and I didn’t know how long it would take. Without the card number, I couldn’t apply for it, so I had to tell the staff in Taixin. I apologized and left Taishin Bank.

Talking to my wife on the way home, we used a friend in Malaysia to help us once before. We transferred ether and asked the other party to help me exchange ether into ringgit and then transfer it to my brother-in-law.

Maybe do the same this time?

My wife said she would go and ask a friend to have a look.

The previous time when we transferred ether from Taiwan to Malaysia, I was sitting in the FamilyMart convenience store, and after getting the ether wallet position from the other party, I immediately transferred the ether from my mobile wallet, The other party received the ether in about 20 minutes, which is really convenient and fast!

I prefer my brother-in-law to understand the situation of the cryptocurrency market in Malaysia, such as whether it is convenient to exchange cryptocurrency into ringgit, so that I can directly transfer the cryptocurrency to him.