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  • 04.14.16

What TransferWise’s CEO thinks of Donald Trump’s plan to stop money transfers to pressure Mexico into building his wall

Taavet Hinrikus, whose peer-to-peer fintech service will launch in Mexico this week, told me:

The Mexican people spent $5 billion to $8 billion in remittance fees moving funds across the border. They’ve already paid for [Trump’s] wall. The money Mexicans can save using TransferWise can buy a lot of ladders.

DL