Day: October 18, 2021

Faisal Khan LLC Banking Payments Cryptocurrency Fintech Blockchain Compliance

What is the largest opportunity in Nigeria right now for money transfer?

tl;dr: Buy foreign exchange from within Nigeria by paying for it in Naira and have access to the US Dollars / Euros / other currencies outside of Nigeria to be traded/transferred as and when one desires.  Nigeria is a new import economy, so that means the demand for foreign exchange to be spent outside of …

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Faisal Khan LLC Banking Payments Cryptocurrency Fintech Blockchain Compliance

Can a money transfer agent location be opened in a consulate or an embassy?

The answer is no. When we look at making a consulate or an embassy, as a money-transfer agent location, you have to understand that the consulate or the embassy itself is not US Territory (assuming this question was being asked of the US) in fact this can be applied to any other licensed jurisdiction. With …

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