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This isn't about creating a new global currency that you would use to buy a cup of coffee with. It's more about creating something that isn't the dollar that c
by crdoconnor 12y ago
This isn't about creating a new global currency that you would use to buy a cup of coffee with.
It's more about creating something that isn't the dollar that can be used for settling payments between two countries that aren't America. When Nigeria buys farming equipment from Australia, say.
>With a global currency, there would have to be a central, global arbiter, and that would just not work.
We have that already. It's called the Federal Reserve and the dollar.