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...or UPI (India), wechat pay/alipay (China), SEPA (EU). The problem is that none of these systems are actually global.
by gruez 2mo ago
...or UPI (India), wechat pay/alipay (China), SEPA (EU). The problem is that none of these systems are actually global.
- gchamonlive 2mo agoHence "would solve" and not "solves"
- inigyou 2mo agoThese systems are government mandated. You get even more fractured systems without a government mandate - originally it was one per bank, and to get money from one bank to another you had to withdraw and then deposit cash. And there isn't a world government. The closest we have is cryptocurrency, but it doesn't scale.