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Money Clouds

A money cloud is an online platform designed to transfer funds. Unlike other methods, money clouds lack a central controlling system or proprietary technology. As collaborative initiatives, money cloud development projects create open-source technologies. These person-to-person (P2P) transactions can use different digital currencies.

What Small and Midsize Businesses Need to Know About Money Clouds

Businesses can use money clouds to send and receive funds. Digital wallets allow the transfer of multiple currencies. Cloud money (also called cloud cash) helps avoid problems associated with overseas transfers. Money clouds are subject to varying exchange rates, high fees, and delayed payments.

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