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RE: The Demise Of USD As The Reserve Currency?

in Threespeak4 years ago

I agree the trust factor with the Chinese is just not there and will scuttle any devious ideas they have. The Dollar will not be replaced but like you said can see businesses using crypto for trade instead as that would make more sense excluding the banks. I know for instance here in south Africa if you want to import you have to get permission from the reserve Bank to secure Forex for the trade to happen. Now think about that as this can all be bypassed now.

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Yeah as the infrastructure for crypto is put in place, we will likely see the the adoption rates kick up.

The ability to bypass the insanity of the established system is very attractive.

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