UPS Longitudes: Does Global Trade Need A Global Currency?

[Denker]

https://longitudes.ups.com/does-global-trade-need-a-global-currency/

https://twitter.com/upslongitudes/status/640085774554255360

A virtual currency like Bitcoin could open up an array of new markets, while speeding the worldwide exchange of goods.

Today’s technologies have enhanced the global exchange of information about goods and bolstered transportation networks moving items across borders. People around the globe have access to virtual marketplaces that feel borderless.

But consumers are still stuck in the credit card age of payments for those transactions. Sure, credit cards have been around for 65-plus years. But they are ripe for a technological leap.

A unified, global currency is the ideal solution, as it would simplify cross-border transactions.

[unamis76]

The question is: why not?

UPS probably realized they are fast enough shipping pretty much anything And they're inclined to have merchants accept faster and more secure payment methods...