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"If @Ripple helps us move money cheaper, faster & better, then we'll use it." - Transferwise
Taavet Hinrikus was Skype's first employee. In 2003, both were working internationally – Hinrikus at Skype, Kaarmann at Deloitte – and they quickly discovered that tranferring money was expensive. Kaarmann was paid in sterling but owned property in Estonia; Hinrikus was paid in euros but needed living expenses in sterling. So they started a two-man currency transaction service (later expanded to the “Skype club” – a handful of friends that grouped together to save on exchange rates).
Transferwise launched in January 2011 by Kristo Käärmann and Taavet Hinrikus, TransferWise is one of the biggest London-based fintech start-ups. In addition to London, it has nine offices around the world, including New York, Tampa, Sydney, Singapore, Tokyo, Budapest, Cherkasy and Tallinn, Estonia.
The company has now employees as of 2017. In May 2017, the company announced its customers were sending over £1 billion every month using the service.
Taavet Hinrikus, CEO of TransferWise said about a year ago that "Bitcoin, I think we can say, is dead. There is no traction, no one is using bitcoin. The bitcoin experiment, I think we can say, is over." (Price BTC at the time: $430 USD)
I think he is changing his mind about cryptocurrencies... ;) Sooner or later, everyone will accept the fact that cryptocurrencies are here to stay.
They have been futured on; The New York Times, The Financial Times, The Guardian, The Economist & BBC.
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