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There's a real opportunity for startups to solve real-world problems, not the "We are Dropbox meets Quora for AirBnB" type ones.

There's a real opportunity for startups to solve real-world problems, not the "We are Dropbox meets Quora for AirBnB" type ones. Transferwise has a neat approach, which involves the currency never actually leaving the country, albeit at the cost of a couple of days of delay (essentially, they do peer to peer matching of needed cash flows); Remitly is slightly more traditional, but is still way cheaper than Xoom or Western Union. There's a lot of money to be made here while solving a major pain point.

Posted by crapshoot101 on Jul 7, 2014, 5:17 PM

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There's a real opportunity for startups to solve real-world problems, not the "We are Dropbox meets Quora for AirBnB" type ones.

crapshoot101Jul 7, 2014, 5:17 PM

There's a real opportunity for startups to solve real-world problems, not the "We are Dropbox meets Quora for AirBnB" type ones. Transferwise has a neat approach, which involves the currency never actually leaving the country, albeit at the cost of a couple of days of delay (essentially, they do peer to peer matching of needed cash flows); Remitly is slightly more traditional, but is still way cheaper than Xoom or Western Union. There's a lot of money to be made here while solving a major pain point.

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