A rough comparison of how much MYR is needed to remit USD 100 from MY to US.
| Rate | Pay (MYR) | Charges (MYR) |
| Base | 416.00 | 00.00 |
| PayPal | 436.30 | 20.30 |
| CreditCard | 428.48 | 12.48 |
| Bitcoin | 428.05 | 12.05 |
| MoneyMatch | 419.77 | 03.77 |
| InstaRem | 419.42 | 03.42 |
| WesternUnion | 418.76 | 02.76 |
| SunwayMoney | 418.11 | 02.11 |
Notes
- The base rate is the rate returned by Google, taken to be the 'pure' exchange rate (as at June 6th 2019).
- PayPal fees: 4.4% + MYR 2 fixed fee. 1 2
- Credit card fees: 3% 3
- Bitcoin fees: mining fee (USD 1.90) + network fee (couldn't estimate this, so set to 0) + 1% processing fee. 4 5
- The rest are based on online estimators provided by the remittance vendors at their websites.
- The 'Pay' column shows the MYR amount needed to remit USD 100.
- The 'Charge' (Pay - BaseRate) column: fees charged by intermediaries.
- A proper comparison would do actual transfers to determine the real fees (vs claimed), duration and smoothness of transfer, customer service etc.
Grapevine
- Facebook could soft launch its stablecoin at month end. 6 7 8
- The coin will be backed by a basket of currencies. 9
- Project staff can opt for their salary to be paid in the stablecoin.
- The stablecoin to be managed by an independent foundation.
- Possibility of outsourced operations (co-opt an existing stablecoin?).
- Bonuses for merchants who accept the stablecoin.