Currency without Boarders

Cryptocurrencies will provide a missing piece in the global economy by providing a borderless currency.

There is no currency that is accepted globally. If you take a US dollar to a different country, it is hard to use it at any given location. Instead, you need to swap them out for the local currency. As an individual, this can make traveling abroad a little painful; especially after paying currency exchange fees (not to mention having to carry around cash). This is also painful for global business as well.

If a firm wants to send a payment outside their home market they need to go through a bank. Which then takes their home market's currency, exchanges it for the accepted currency in the other market, and then lets the payment process. This process can take days, and this is the most painless method of transferring payments.

Payments through cryptocurrencies break the barrier, and remove the middle man. Firms can easily find where they need to send the payment, select how much they want to pay, and then click send. Depending on the crypto they use, it can turn days into seconds. This is a game changer for not just large firms seeking to increase their market share, but also for smaller firms seeking to gain market share.

Sending money cross boarders can be as painless as sending an email cross boarders. cryptos are revolutionizing the payment system for individuals, and firms.

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Crypto, Monetary Policy, and Global Trade

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ICO, IPO-SHMYPO

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