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Send money internationally with minimal charges: Introducing TbDex

In today's globalized economy, the need for efficient, cost-effective cross-border money transfers has never been more acute, particularly with the rise of e-commerce.

TBDEX

Business owners and individuals alike face significant hurdles when dealing with traditional financial systems, such as high transaction fees and slow processing times that can stymie cash flow.

Enter TbDex, a groundbreaking platform designed to revolutionize the way money is sent across borders.

TbDex is a decentralized exchange protocol that facilitates the swift and economical transfer of funds internationally, akin to sending an email.

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Inspired by the seamless interoperability of email services like Gmail and Yahoo, TbDex operates on an open protocol that is not owned or controlled by any single entity.

This means users from different financial backgrounds and institutions can interact without encountering the usual barriers imposed by conventional financial networks.

TbDEX is a new way to send money that’s faster, cheaper, and available to everyone. It uses secure, verified info to make transactions smooth and easy, without the high fees and restrictions of traditional banking systems.

According to Mike Brock, CEO of TBD, TbDex is "It’s sort of an open protocol. One of the main examples you can think of is Gmail, someone uses Gmail, and someone uses Yahoo but these two apps can talk to each other because of its open protocol.

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So they’ve been engraved in the protocol and they all speak the same language and this protocol is not owned by anyone."

This interoperability allows for immediate and transparent transactions, overcoming the delays typical of traditional bank transfers or card transactions.

Leveraging technologies like Chipper Cash and Yellow Card, TbDex ensures that money flows freely and securely, without the high fees associated with services like Visa.

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Africa, despite being rich in potential and innovation, often faces the highest transaction fees on remittances. Majid Moujaled, president and co-founder of Chipper Cash, points out that networks like Visa impose rules and fees that disproportionately affect African users, stifling economic growth and financial inclusivity.

"The fees that they charge on African cards are way higher than the US card. We tried to get them to change their rift but they wouldn’t because they make money from it.

And with these challenges if Visa wasn't in the picture could you have anything else that is in the picture that is controlled by no one but is augmented and has rules been made into it?"

TbDex aims to dismantle these barriers by providing a decentralized service where no single entity has control.

This not only reduces costs but also enhances accessibility, allowing users to send and receive money swiftly and at a fraction of the cost—just like creating and using an email account for financial transactions.

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Developed by TBD, a company committed to creating open financial systems, TbDex is part of a broader movement toward utilizing blockchain and other decentralized technologies to solve practical, everyday problems.

The platform's development is driven by the need for more inclusive financial systems that do not rely on traditional banking infrastructures, which can be exclusive and costly.

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For individuals and businesses tired of navigating the complex, expensive pathways of traditional financial systems for international transactions, TbDex offers a promising alternative. By reducing transaction costs and processing times, TbDex not only enhances business efficiency but also promotes greater economic inclusivity across the globe.

As we advance, TbDex stands as a testament to the transformative power of decentralized technologies, heralding a new era of financial communication and transaction that is open, inexpensive, and accessible to all.

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