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RE: Financial Education #4: What Is A Reserve Currency?

in LeoFinance • 4 years ago

Exactly, the internet is borderless and trade is borderless. It would make sense to have borderless currencies. Yes we do at the moment (US Dollar) but SWIFT and other remitency mechanisms are veyr slow and outdated!

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4 years ago in LeoFinance by
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     4 years ago  

    Let's not forget SWIFT isn't free from censorship. It's also super expensive!

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     4 years ago  

    Very true. And it's very slow! Regardless of the fact that the 'powers that be' need it around it's still not a superior technology to crypto !

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     4 years ago  

    That's why I think (hopefully) it'll eventually fail and fade out of people's lives.

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