Posted by Editor's note:Swapsy, a California-based start-up Fintech company, is committed to using the Internet to meet the needs of life exchange, and supports WeChat wallet, Alipay wallet, Zelle and Paypal to quickly arrive.American Life Insurance GuideAfter experiencing the trial, the editors found that the whole process was convenient and fast, and more importantly, secured transactions ensured safety, so they proactively contacted Swapsy and recommended it to readers who have daily exchange needs.The following content is provided by Swapsy.
This article wants to share and discuss with you a problem that may be overlooked. The demand for USD exchange in our lives may be distorted.
Psychology tells us that most of the decision-making in life depends on intuition, habit, or subconsciousness. In layman's terms, daily life does not require brains.
There is nothing wrong with this. Just imagine the tens of thousands of trivial things every day. If you carefully consider the pros and cons of everything, weigh the pros and cons, and then make the best choice you think is the best choice, your brain must explode.In order to save energy consumption, the human brain has gradually formed two headquarters of intuition and analytical thinking during the long evolutionary process.When we go out for driving, shopping, and chatting, we are basically directed by our instincts. This kind of life is easy and comfortable.
Although intuitive decision making makes our lives easier, it is also prone to drawbacks.For example, after the emergence of smart phones, everyone seemed to be led by ghosts in the phone, and countless times a day, they subconsciously took out their phones to scan Weibo and Moments.Reason will tell us that this is not good, because there is no time for deep thinking, but how many people can really spend a few hours a day without looking at their mobile phones?
For example, in 2016, the U.S. dollar continued to appreciate against the renminbi. After being fanned by some domestic media and experts, countless people began to panic exchange for U.S. dollars. Some said it was for the purpose of maintaining value, some said that it was for hedging exchange rate risks, but few did it. After in-depth analysis.By 2017, the U.S. dollar was steadily falling, and most people who had changed the U.S. dollar before began to regret it. Not only did they lose money in the exchange rate, but more importantly, and most easily overlooked, was the loss of interest.The same amount of renminbi is placed in the country to buy a wealth management, and even placed in Yu'e Bao, there is a lot of interest income, but the US dollar?Can only be eaten away by inflation.
Some officials said: I am not betting on the appreciation of the dollar when I change the dollar, but I really need the dollar to live in the United States.Yes, some of our users do not stay in the United States for long and do not have dollar income. Before they know Swapsy, they first estimate the amount of dollars they will need for the next six months or even a year, and then go to the bank or some remittance platform. Remit thousands, even tens of thousands of dollars at a time.There should be a lot of judges doing this too. It seems that there is no problem, but in fact they have fallen into a trap of habit.
First of all, as mentioned in the previous article, if you exchange so many dollars at a time, the domestic financial income will be gone. If you encounter the devaluation of the dollar, you will lose a lot of money.Secondly, the judges think about it carefully, is it a choice to be forced to change so many dollars at once?Was it forced?Is it helpless?The important thing is said three times.Why?Because the bank loses so much money in one exchange!There are handling fees, telegraphic fees for cross-border remittances, entry fees for overseas remittances, and unfair exchange rates.
Since we lose so much money in one remittance, we have to choose to exchange more money at once.If things go on like this, we think we really have a need to exchange so many dollars at once, but we don't know that this is the Stockholm syndrome brought by the monopoly of banks.The remittance fee is controlled, but the tens of thousands of dollars remitted to the United States are lying idle in the bank account. If you stay in the balance treasure, you can see dozens or even hundreds of yuan in interest income every day. These missing financial income can be found Who will judge?
If you change US dollars in Swapsy, you will re-examine your foreign exchange needs. There is almost no cost, so fast, and the process is so convenient. Why do you need to change so many dollars at once?When you want to use it, you can change it. Just like Alipay and WeChat Pay, the demand for micropayments can be met at any time. Who needs to bring so much cash and bank cards to go out?To quote an industry leader who told us: Microfinance is an irreversible trend, and the era of fragmentation increasingly requires inclusive finance (Microfinance).
It is Swapsy's mission and vision to make currency exchange easier and more enjoyable and no longer feel anxious. We are making solid progress towards this goal.
For how to use Swapsy, please refer to "Swapsy, let the U.S. dollar and the renminbi confirm their eyes"
Swapsy official website:https://theswapsy.com/
