What Makes Wise Stand Out – Wise Review, Highlights, Pluses & Minuses
Wise was originally launched in 2011. It had a different name back then, but it got rebranded in 2022. The purpose of this service? Making international payments a breeze. Basically, the goal was to make transfers almost instant – compared to banks, which normally take a few days. Another goal was to make transfers cheap – compared to banks, which take a good chunk of the money.
Most importantly, Wise tried to make everything simple. Accounts can be opened in different currencies and exchange rates are fair. Simply put, there is no need to waste a fortune on middlemen getting the job done for you. After all, this is what traditional banks are about – they are intermediary users that facilitate transfers for a price.
Now, some may know...