Why is the Jubilee Dollar Better Than Money Transfer Services?
1. Money Transfer services such as MoneyGram and Western Union are not secure. Fraudsters in Nigeria and other places often use Western Union because they can easily get around their security systems. With Jubilee Dollar transfers are secure and instant.
2. Money transfer services charge exhorbitant fees for their services. These services are primarily used by people living in foreign countries wanting to send money home or to transfer funds to poor nations with limited banking facilities. Jubilee Dollar only charges J10 per month with unlimted transfers to anywhere in the world.
3. Money Transfer services charge high fees for conversion to other currencies. Jubilee Dollar is an international currency requiring no conversion.
4. Money Transfer services like XRP (a block chain based coin), can transfer funds quickly using their coin but lack all the supporting tools to make it a stand alone service - it still requires full integration with banks who subscribe to the service - and not all banks do. Jubilee Dollar is not subject to banks, can transfer instantly and is available everywhere