LONDON--(BUSINESS WIRE)--With the Olympics now less than one year away world records are set to start tumbling in East London.
However, West London based currency experts, World First, have got a head start, having claimed the worlds’ fastest ever foreign exchange transfer, completed in just 6 minutes and 49 seconds from start to finish.
That’s 19 seconds less than the time it takes to listen to “Around the World” by French electro outfit, Daft Punk, and about 1 minute 36 seconds less than the length of Dire Straits’ rock classic “Money for Nothing” – which is fitting as the high speed transactions are fee free and because World First sends thousands of pounds around the world every day, safely and securely.
When you consider that foreign exchange transactions with your bank can typically take several days to complete, this new record is a benchmark for what people can expect when sending money overseas.
Cumbersome, costly and time-consuming transactions will soon be confined to the dustbin of history as foreign exchange specialist companies like World First strive for new standards of efficient service in an ever faster world.
Mr Lennhof, who took part in the record transaction, said:
“I am very impressed that World First is able to make deals happen so quickly, it will certainly help me when I need to move money internationally in the future.
“I have been a happy customer for many years now, transacting by telephone. It’s good to know I can now make it happen even faster by using World First Online.
World First’s Managing Director, Jonathan Quin, said:
“In a world where time is an ever precious commodity, we believe we have the fastest and most efficient system in the world. People are looking for fast, secure and easy to use systems when it comes to things like foreign exchange transfers and that’s how we can help.
“With our industry leading system, World First Online, we are setting new benchmarks for the industry. I’m delighted we’ve been able to set this new record time to demonstrate one of the things which marks us out from the competition.”