Remitano, a global escrow-marketplace, has positively responded to the ever-increasing volume of money transfers across the globe. Amazingly, they launched a smart, free, and safe approach for international money transfers. This is a system that will allow South Africans to send and receive Rands (ZAR) from other countries without necessarily incurring the high fees charged by most traditional banks and the regular payment platforms.
Use the “Cash-Out Quickly” feature without KYC
In Remitano’s attempt to make this amazing system available for everyone, users are not required to go through the hassle of completing their KYC before having access to the cash-out feature. With Remitano, a new user can simply create an account and immediately send money from South Africa to anywhere in the globe within seconds. Here, the user simply needs to transfer the funds from their Remitano wallet to the recipient’s Remitano wallet which they can then withdraw to any bank of their choice.
Thanks to the “cash-out quickly” feature, users can easily transfer money to their families and friends across different countries and continents. They can do this multiple times faster and cheaper than traditional banks and other payment platforms.
As we can clearly see from the table above, Remitano fees are minimal and always transparent, unlike some other remittance providers with additional charge upon usage. Remitano is a peer-to-peer crypto exchange that is in a continuous search of new ways on how to use blockchain technology to improve international money transfers, therefore, creating seamless fiat transfers across borders.
How to use the “Cash-Out Internationally” feature
This amazing feature helps users convert from the Rand (ZAR) to another currency of their choice. An example could be converting from ZAR to NGN. Upon conversion, you can send the money to your friends and/or family members in another country without the sender or the receiver going to the bank.