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good one! never trusted hawala and this is just too complicated...

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narasimha

133 Posts.

06/05/15

15:10

Post #: 15228348
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Originally posted by sohoisnotforsale ↑

Hawala, as explained by wiki, requires 2 brokers with shopfronts in different cities and x amount of liquidity in cash, similar set up (if not identical) to western union. This is easily understandable.

so, same with for DCC, can anyone please explain how money actually transfered and currency exchanged person to person, without banks????

so, really simply:

1. how do i give money to airpocket in origin country?
2. how does airpocket send my money to another country and exchange the currency?
3. how does my partner extract that money from airpocket in destination country?

im kinda shocked no one can answer this: warren buffet rule "dont invest in what you dont understand"

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good one! never trusted hawala and this is just too complicated and unreliable IMO

DCC Price at posting: 25.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 4.8¢		Change 0.000(0.00%)		Mkt cap ! $41.58M

Open	High	Low	Value	Volume
4.9¢	4.9¢	4.7¢	$61.41K	1.288M

Buyers (Bids)

No.	Vol.	Price($)
6	677145	4.7¢

Sellers (Offers)

Price($)	Vol.	No.
4.8¢	177858	3

View Market Depth

No.	Vol.	Price($)
6	677145	0.047
1	750000	0.046
1	20002	0.045
2	47727	0.044
1	140578	0.043

Price($)	Vol.	No.
0.048	136798	2
0.049	102367	1
0.050	439341	3
0.051	55179	2
0.052	490681	3

Last trade - 16.10pm 11/07/2024 (20 minute delay)

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