Is Wise (Formerly Transferwise) Right For You?
Due to the hype surrounding digitalised businesses, you might think that all workplaces will become virtual and remote in the near future.
However, as the world continues its rapid transformation, more traditional industries are beginning to adopt technology in new ways.
Traditionally, businesses used job websites such as Indeed and Monster to find new employees, advertise vacancies and manage applications. Now they use digital platforms to make recruitment processes quicker and cheaper.
For example, TransferWise is a company that specialises in simplifying cross-border payments for businesses. If your business has financial trade with partners who are based overseas or has a lot of prospective candidates from abroad, then transferring your money electronically could be a great solution for you – read on to see if this is something that might work for you:
What is Wise?
Wise is a platform that enables businesses to manage cross-border payments. The platform allows companies to automate cross-border payments using smart contracts, automating processes such as the payment of money, transferring funds, etc.
What is the difference between TransferWise and Transfer?
TransferWise is a digital platform that enables businesses to automate cross-border payments using smart contracts, and Transfer is a company that specialises in simplifying processes for businesses.
They provide an automated way for businesses to transfer money from one country to another country or across borders. For example: If you have a business in China and you want your employees from China to transfer money from China to Thailand, then you can use TransferWise to do so.
You can see here how easy it would be if you had already created an application for your business that could transfer money from one country to another.
How does it work?
You can set up a smart contract on the platform called ‘Transfer’, which will take care of any disputes with your bank or credit card company in case of any problems during the process.
This will allow you to pay your employees without having to go through any hassle with banks: That’s because this system also works across borders!
A smart contract will also make sure any funds are transferred within 24 hours – unlike other systems where it takes much longer! This system works by automatically transferring your money.
Is Transferwise Right for You?
Yes, it is. It’s designed to be a business-friendly solution for everyone. You can set up a smart contract on TransferWise to automatically transfer funds from one country to another, along with other advantages that you may not have thought of.
What are the benefits of Wise?
As you can see, Wise is packed with features that are useful to almost any kind of business. However, these features are only useful if they are implemented properly. And that can be hard to do without the right kind of guidance.
You don’t need to go through the hassle of setting up a bank account or credit card transaction. You can transfer money to your employees without having to go through any hassle with banks. And you don’t have to worry about paying for your employees’ travel on the way.
Wise is a business-friendly solution for everyone. You can set up a smart contract on Transferwise to automatically transfer funds from one country to another,. Along with other advantages that you may not have thought of, at least not yet.