Not the full picture: Wise is that big that it has already lots of local accounts and/or correspondent banks; so basicly "you get the money from Wise" but from a "local payment way/scheme" (to which Wise is connected in the background through several layers)

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topranks 4 days ago | parent [-]

This is a much more optimal solution than blockchain.

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Jommi 4 days ago | parent [-]

that we need one company to achieve such big scale that they literally are regulated in every single country and basically become monopolistic in terms of their influence?

a Blockchain based system can maintain similar effects but with a balance of power

think about it

	▲	ta12653421 20 hours ago \| parent [-]
		No worries, if any DLT-system would become somewhere somehow relevant, any regulator will catch it sooner or later. Though, its an issue for the company, as this allocates a lot of resources wrongly.