Sorry about the expat rant there, but the good news I’m talking about is that Estonia-founded TransferWise has added support for the U.S. dollar, adding it to their compatibility with the British pound, Euro, Swiss Franc, Polish Zloty, and the Swedish, Norwegian, and Danish Kroner.
TransferWise is one of the new banking startups we’ve seen pop up in Northern Europe. They enable cheap money transfers by sort of matching money flowing between borders. And rather than giving an awful exchange rate, they provide a number close to the mid-market rate with a small fee attached.
TransferWise was founded by Kristo Käärmann and Taavet Hinrikus, the first employee of Skype.