Thanks Gents for you feedback - something to ponder.
Not sure why you say it is a scam. The app works fine and it is a very efficient P2P payment system.
Yes there are fees - no different to the Perth Mint when you buy and sell. What the fees for Bitcoin? for a credit card transaction? For western union?
I send money to India through this platform. Instant and no fees for sending - only buying and selling. Its up to the recipient on whether they sell the gold and incur the 1.6%.
