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Further, hedging against foreign exchange fluctuations can be confusing and expensive – particularly for SMEs. Enter:
Kantox, a peer-to-peer (P2P) platform for business foreign exchange, matches companies who want to buy and sell foreign currency, allowing them to bypass expensive bank and broker fees.Here's how it works:
... you are a company located in Europe, importing goods from China and paying your Chinese provider in US Dollars. In the Kantox marketplace, you can find another company, located in Europe, exporting goods to the US who has US Dollars to sell in exchange of your Euros.Learn more: Helping SMEs deal with fluctuations in foreign exchange markets