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Then you should almost certainly aware of the fact that the spreads on USD currency pairs are extremely low. Low enough where it ends up being cheaper to go Cur
by selectodude 6y ago
Then you should almost certainly aware of the fact that the spreads on USD currency pairs are extremely low. Low enough where it ends up being cheaper to go Currency A -> USD -> Currency B than it is to go Currency A -> Currency B. If all you want is acceptance and value stability, it doesn't get a whole lot more stable than that.
- toomuchtodo 6y agoYou’re missing my point (which is probably my fault). It’s not about the financial mechanisms of currency exchange, it’s about the financial infrastructure. How does a crypto exchange support a new coin at genesis? They just add it to the platform. We’re arguing about the window dressing (currency spreads), and I’m talking about the technical implementation and fundamentals of supporting global treasury management. Edit: @JumpCrisscross I am familiar with how TransferWise works under the hood. The underlying settlement system is the legacy slowly being replaced.
- JumpCrisscross 6y ago> We’re arguing about the window dressing (currency spreads) TransferWise is the window dressing. It is bolted onto an international credit and settlement system which is built on dollar settlement rails. The fact that it's turned every other currency into, in effect, a feature, underscores the point.
- selectodude 6y ago>The underlying settlement system is the legacy slowly being replaced. The underlying settlement system is basic supply and demand. I'm not entirely sure how they (you?) plan to create some system where every currency pair is in perfect harmony. It simply doesn't work that way.