RE:RE:RE:New interim CEO: a history of success in telecom / tech From our German long @doemi :
"One thing that perhaps went unnoticed in the last news but I feel is important to having the ability of processing large sums of flow at minimal costs is SEPA and Swift direct agreements. Not sure if people know this but RevoluPAY has a few popular options for recharge of funds (cash-in’s). For Bank Transfer, you’ll see we use BBVA and Caixa. Having our own codes will cut down on Swift and SEPA transaction costs for ourselves and white labels, with IBAN basically being a unique bank account number as well which we will have the ability to give white labels their own number."
the $750,000 is not a fee we pay to use these services but rather a total sum to build out planned white label protects with being a direct banking entity; ACH, Swift, and SEPA (as well as Visa Direct) are processes that flow large sums of monies across borders. iban is the bank account used for merchants and processors.
As for Visa Direct my guess is they are waiting to line up that tech with 2 other items that are related