Given the increasing relevance of this type of emerging businesses, which has spawned some of the titans that now dominate the market ( Facebook, Amazon or Google, for instance), it is not surprising that the startup phenomenon is drawing more and more attention and that the number of entrepreneurs willing to take a chance and venture outside their comfort zone to try their luck with an innovative business model is growing.
Generally, these companies champion an innovative idea that stands out in the general line of the market. These can be currency exchange, platform changes, new settlement rules, or more.Ī startup can be defined as an emerging company, normally with a core technological component and high growth potential. Every time a transaction must cross a border, it encounters a number of points of friction that slow it down. One of the clearest – yet invisible – obstructions to money movement is a national border. When it comes to moving money, speed is of the essence.
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