How Bitcoin Can Help International Trade



Bitcoin recently passed the all-important psychological threshold of $20,000, due in part to institutional players like S&P Global and Cboe Global Markets expanding their crypto market data services offerings.

Proponents of cryptocurrencies have long touted their advantages for international payments, by eliminating the exchange rate problem, and the promise of a safe and secure payment model free of taxation and commission. Of course, major financial institutions are reluctant to see those revenue streams disappear, so the impact of 2020’s crypto rally may not go beyond a hedge against inflation. But still, a milestone is a milestone.

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