So? There's a huge amount of currency flowing to and from North America to Europe, Asia, etc. Just because the euro zone has standardized their banking system doesn't mean a) that America will ever do the same (cough the metric system cough), or b) that all movement of money across borders should be strictly the purview of banks.
In Canada alone people send $23.3B/year back to their country of origin in the form of remittances (China, India, the Philippines, etc.). Historically they've been massively overcharged for the privilege of doing so because they're held captive to our oligopolistic banking system - sometimes upwards of 20% because they regularly send smaller amounts to minimize risk.
In Canada alone people send $23.3B/year back to their country of origin in the form of remittances (China, India, the Philippines, etc.). Historically they've been massively overcharged for the privilege of doing so because they're held captive to our oligopolistic banking system - sometimes upwards of 20% because they regularly send smaller amounts to minimize risk.