Midpoint, the Online Foreign Currency Exchange Service, Announces Two Additional Functional Currencies: Canadian Dollars & Sw...
30 Septiembre 2013 - 2:30AM
Business Wire
Midpoint.com, the peer to peer Foreign Exchange Service and
International Payments Platform, has added two more functional
currencies – Canadian Dollars and Swiss Francs - to its
money-saving currency exchange service.
Midpoint launched in June 2013 offering businesses and
individuals the opportunity to save money when exchanging GBP, US
Dollars and Euros. The addition of Canadian Dollars and Swiss
Francs has been accelerated following demand from customers, in
particular people in the financial services sector, wanting to
further benefit from Midpoint’s fast and secure payment
solution.
Brad Lemkus, Midpoint’s Director of Operations comments: “We are
delighted to expand our offering with these two key currencies.
Adding Canadian Dollars and Swiss Francs significantly strengthens
our position as an ambitious and rapidly growing entrant in the
online currency exchange arena.
By leveraging technology advances and networking, we are
delivering real financial benefits to our customers. Using
Midpoint.com, a business exchanging C$5,000 into USD each week
could typically experience savings of more than 2%. In real terms
an organisation exchanging C$50,000 per week could save around
C$1,000 per transaction, or C$52,000 per year.”
Midpoint's US patented multi-currency, multi-party netting
business method was the first to directly and indirectly 'match'
offsetting foreign exchange requirements for individuals and
companies and thereby eliminate the 'spread' or 'margin' component
from all transactions. With Midpoint, at the time of the match both
parties receive the same exchange rate - the ‘mid point’ of the
real time Interbank buy and sell rate, ensuring Midpoint can always
offer the best available rate.
The full list of payout and acceptance countries for these five
currencies is in the “How It Works” section on Midpoint.com. New
users can register free now at www.midpoint.com and enjoy the
access, flexibility and cost savings of a non pre-funded matching
currency exchange account.
Midpoint is regulated by the Financial Conduct Authority
(FCA).
Wigwam PRVanessa Green / Fiona Butler+44 (0)1483 563 562 / +44
(0)771 333 2303vanessa@wigwampr.com /
fiona@wigwampr.com
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