A. So, on average, banks charge you between 3 and 5% for the exchange. Then, if we look at international payments as a whole, including transfer fees, this can reach over 6%; in countries like Africa, it’s around more than 7%. We have therefore adopted an approach that fundamentally differentiates us from banks. We provide offshore accounts, so if you’re trying to receive a payment from the US, we give you a US bank account, which means the sender pays you through their local payment system, ACH, for example. So if the payment is made from ACH to ACH, the fees are not as high as if you were receiving payments into a local account in Africa. This is one of the things we do to ensure that we reduce the costs of sending and receiving money. We are therefore optimizing payment systems in these regions. Additionally, if our users want to send money across borders, since we have partnered with different local payment players in different regions, we are able to offer this service at a good speed and cost. affordable cost. Through these partnerships, we have been able to reduce the average cost from over 6% previously to approximately less than 2%.
Q. Are there any upcoming technology innovations or features that Gray plans to introduce to further support remote workers and digital nomads?