A good way to raise a few more quid for their expensive London living.
A new money exchange business Fourex, co-founded by Australian businessman Oliver Du Toit (pictured), has beaten more than 2,500 other products and businesses to make it through to the final ten of Virgin Business Media’s ‘Pitch to Rich 2015’.
Oliver has already secured business contracts, including one with Transport for London that will see Fourex kiosks accepting unsorted coins and notes from over 150 currencies, and converting their value into either British Pounds, Euros, or US Dollars.
The software in the kiosks processes and evaluates each coin in even the smallest denominations in a fraction of a second.
Exchange rates are updated daily in line with market trends, and are displayed on the kiosks. Customers also have the choice to donate part or all of their exchange to one of six charities.
Great idea, we just hope that it doesn’t bankrupt the buskers…..