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Funds Transfer Best Practices
About me
Anson Zeall
CEO & Co-Founder
● Batch 11 - 500 Startups
● Co-founder and Chairman of ACCESS (Association of
Cryptocurrency Enterprises and Startups, Singapore)
● Computer Science by training, hedge fund manager by
profession
● Founded a private family office trading/managing
assets of US equities, derivatives and Asian Real
Estate
● Built a Multi-level marketing company, top 10 youngest
sales in Asia Pacific
● 3-time entrepreneur
linkedin.com/in/ansonzeall
angel.co/anson-zeall
twitter.com/ansonzeall
angel.co/coinpip | founders@coinpip.com
Why sending
money
overseas’
such a bitch?
Banks are too connected with SWIFT
angel.co/coinpip | founders@coinpip.com
● Founded in 1973,
SWIFT facilitates all
wire transfers
worldwide
● SWIFT’s main revenue
stream are the wire
fees.
What is
CoinPip?
angel.co/coinpip | founders@coinpip.com
- Bank to bank via regional bitcoin exchanges
- Users do NOT need to know ANYTHING about Bitcoin
Best
practices for
payroll and
payouts
angel.co/coinpip | founders@coinpip.com
1. Agree on who pays the fees
2. Agree on how to deal with the exchange rate
3. Which currency you’re “hooking” the
payroll/payout to
4. Agree on the tax management of the
payments
5. Find ways to minimize transfer fees!
6. Calculate the invisible exchange spreads
Remote workers
management -
Best Practices
angel.co/coinpip | founders@coinpip.com
1. CoinPip’s Mission: Recruit talented passionate
freelancers
2. Treat them as if you’re paying them locally
3. Remote != No love!
4. Use Project Management tools. E.g. We use a
combination of Trello and Basecamp
5. Pay on TIME
Ways we can help
you
angel.co/coinpip | founders@coinpip.com
1. CoinPip does not charge a foreign exchange
rate.
2. We only charge a transaction fee of 2%,
regardless if you’re sending $20 or $10000
(#500strong gets 1% for life)
3. We help you do all your payouts
4. You pass us USD, and we do the rest
5. We send to Indonesia, Hong Kong, Singapore,
China, Taiwan, Philippines, India and Bitcoin
The Remote
Business
Refer to pages 7- 16 of http://www.slideshare.net/CoinPip/the-remote-business
Sign up with us at
coinpip.com
Email 500@coinpip.com and mention CoinPipLoves500 to get lifetime 1% fee
Anson Zeall
CEO & Co-Founder
linkedin.com/in/ansonzeall
angel.co/anson-zeall
twitter.com/ansonzeall
anson@coinpip.com
angel.co/coinpip | founders@coinpip.com

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Funds transfer best practices

  • 3. Anson Zeall CEO & Co-Founder ● Batch 11 - 500 Startups ● Co-founder and Chairman of ACCESS (Association of Cryptocurrency Enterprises and Startups, Singapore) ● Computer Science by training, hedge fund manager by profession ● Founded a private family office trading/managing assets of US equities, derivatives and Asian Real Estate ● Built a Multi-level marketing company, top 10 youngest sales in Asia Pacific ● 3-time entrepreneur linkedin.com/in/ansonzeall angel.co/anson-zeall twitter.com/ansonzeall angel.co/coinpip | founders@coinpip.com
  • 5. Banks are too connected with SWIFT angel.co/coinpip | founders@coinpip.com ● Founded in 1973, SWIFT facilitates all wire transfers worldwide ● SWIFT’s main revenue stream are the wire fees.
  • 7. angel.co/coinpip | founders@coinpip.com - Bank to bank via regional bitcoin exchanges - Users do NOT need to know ANYTHING about Bitcoin
  • 9. angel.co/coinpip | founders@coinpip.com 1. Agree on who pays the fees 2. Agree on how to deal with the exchange rate 3. Which currency you’re “hooking” the payroll/payout to 4. Agree on the tax management of the payments 5. Find ways to minimize transfer fees! 6. Calculate the invisible exchange spreads
  • 11. angel.co/coinpip | founders@coinpip.com 1. CoinPip’s Mission: Recruit talented passionate freelancers 2. Treat them as if you’re paying them locally 3. Remote != No love! 4. Use Project Management tools. E.g. We use a combination of Trello and Basecamp 5. Pay on TIME
  • 12. Ways we can help you
  • 13. angel.co/coinpip | founders@coinpip.com 1. CoinPip does not charge a foreign exchange rate. 2. We only charge a transaction fee of 2%, regardless if you’re sending $20 or $10000 (#500strong gets 1% for life) 3. We help you do all your payouts 4. You pass us USD, and we do the rest 5. We send to Indonesia, Hong Kong, Singapore, China, Taiwan, Philippines, India and Bitcoin
  • 14. The Remote Business Refer to pages 7- 16 of http://www.slideshare.net/CoinPip/the-remote-business
  • 15. Sign up with us at coinpip.com Email 500@coinpip.com and mention CoinPipLoves500 to get lifetime 1% fee
  • 16. Anson Zeall CEO & Co-Founder linkedin.com/in/ansonzeall angel.co/anson-zeall twitter.com/ansonzeall anson@coinpip.com angel.co/coinpip | founders@coinpip.com

Notas do Editor

  1. Start: I’m pretty sure most of you know.
  2. There’s a reason why banks are adverse to new remittance technologies. And SWIFT is the reason. When you make a transfer, SWIFT is the company facilitating majority of the transfers around the world for the last 40 years. It is just too risky for banks to move away from the existing infrastructure.
  3. So how does this all work? We use bitcoin to move money from country to country ...the best part is the users don’t need to know ANYTHING bitcoin …same way like how banks transfer your money, it should be as easy as a click of a button. <.....biz model…..”hard to replicate”.... banks Vs “non-US”> ….Volatility Risk… Benefits….fraud….
  4. Start: I’m pretty sure most of you know.
  5. Start: I’m pretty sure most of you know.
  6. Start: I’m pretty sure most of you know.
  7. Page 7 - 16
  8. Page 7 - 16