stevenjgarner

When you send USD to an AUD account via Wise, no money actually travels between the US and Australia. Wise maintains massive pools of local currency in bank accounts all over the world. When you deposit USD, it goes into Wise’s US bank account. Wise's software detects the deposit and instantly triggers an internal payout from Wise's Australian bank account to the recipient's AUD account. Because Wise is using local banking networks on both ends (like FedNow or RTP in the US, SEPA Instant in Europe, and NPP/Osko in Australia), the transfer can settle in seconds. It’s essentially a matching engine, not an international wire.

Credit risk and identity dictate the speed of the funding step. If you stripped KYC out of the equation entirely, the bottleneck wouldn't just be speed — the legacy banking system would refuse to route the transaction at all.

It is important to distinguish that you are fundamentally involved in a credit network, pulling funds not pushing funds, that just gives the illusion of speed. For verified users, the sub-minute speed is a mix of local real-time banking rails and Wise extending short-term trust that the incoming funds won't bounce. For an unverified or high-risk user, Wise forces a holding period until the money physically clears, dragging the process back down to standard banking speeds.

I think this is a well thought out understanding of your specific snapshot in time. However these are indeed exponential times. It may be more realistic to do your calculus on time shifting assumptions, especially given how clear you are about the development time and life cycle of the product.

That's rough. Same symptoms of low testosterone, which a blood test can measure. This can be caused (even in younger men) through daily exposure to endocrine-disrupting chemicals (EDCs) like BPA and phthalates, heavy metals, and pesticides. Poor lifestyle exposures such as chronic stress, lack of sleep, and high ambient air pollution also significantly suppress hormone production.

So all these top universities using Canvas as a core part of their infrastructure somewhat begs the question : why would a technology degree from them have any real value if they can't even have their infrastructure built and maintained by students themselves? If their education is really worth that much money, why can't they build their own infrastructure?