2 ms·
There's no real reason for companies to do what you're suggesting. Why would retailers move away from their local currency? And even if they decided to do tha
by nols 10y ago
There's no real reason for companies to do what you're suggesting. Why would retailers move away from their local currency? And even if they decided to do that why would they switch to something like the blockchain instead of just a database to track holdings?
- heimatau 10y agoIt would need to be a concerted effort, imo. Not just one or two actors. But if enough market share made the move, the benefits? Numerous. As I already outlined, in my OP. In addition, to what I said, the (new) market would cut out all middle men (Visa, etc...Chase/BoA, etc...maybe even others). I think some downsides would be more or bigger insurers and maybe an aggregate of wealth but even our current system doesn't tackle these issues. No system will be perfect in the first increment but I think this would be a step in a better direction, for all involved.