Obviously? Usually however, there's a reason why the fee is what it is. Have you dug into it? For instance in the US interchange is high because the vast majority of it goes towards rewards programs and loan origination costs. I'll be the first to admit don't know how that maps in Brazil.
However, read back to your earlier post: "(Something that I forgot to mention when you were talking about how Visanet has low rates in Europe: Direct debit cards - zero risk! - charge ~1.9% of the transaction value. Some of them charge a little bit less, but put a sizeable monthly rate on top of it.)"
Did you say anything about the rate being 1.9% in Brazil? No, the only geography you referenced was Europe, which is why I followed up with the, you know, European rate. It sounds like you should just be advocating for a fee cap in BR right?
You really haven't explained why TransferWise is worse than your recommendation, and you keep avoiding the whole "breaking the law and exposing yourself to prison time" bit.
I keep saying, you can keep the foreign currency in your TWB account, and send it to other people later, just like you hold crypto in a wallet. Why bother with DAI and USDC when you can just you know hold USD in your TWB account? A borderless account is a bank account, that you, in Brazil, can open, and hold all all those currencies with banking details in most of those places. For free, I believe!
Frankly, why don't I think people use TransferWise? Obviously I don't think they're dumb. It's new, I don't think they know about it. Borderless launched in 2018 and I suspect Brazil wasn't it's first supported destination. Getting the word out takes time. Read about it and let me know what you think!
