Wix might have picked Lithuania for its expansion simply because Israel faces a shortage of Net builders, and Lithuanian Personal computer programmers can be paid noticeably under their Israeli counterparts.
The corporate permits free of charge Intercontinental transactions with no Slice to the Trade rate when converting currencies. In other words, it allows an interbank Trade level.
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That small place persuaded Tel Aviv primarily based Wix.com to choose Vilnius, its cash city, for a large R&D Centre, leading to the hiring of dozens of Laptop coders and engineers in Lithuania.
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“An EU resident can add Israeli shekels about the smartphone application, and whenever they vacation it’ll come from a shekel wallet.†This might drive Israeli companies to seem further at cross-border banking and payment providers.
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