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0 sats \ 1 reply \ @faithandcredit 17 Jan 2023 \ on: Saudi Arabia Says Open to Settling Trade in Other Currencies bitcoin
I love Bitcoin, its becomming this cogweel that exists between all other currencies. You can enter with USD and exit with Euro, or any other fiat. Its pretty neat.
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10 sats \ 0 replies \ @llcoolv 18 Jan 2023 freebie
Well, yeah, but so far 80% of FIAT by numer and 95% by volume are just USD proxies - think EUR, GBP, KWD, JPY. When there are more "forbidden" or isolated currencies, the real party will begin On the other hand USDT has actually been quite useful in shorting TRL (for some reason forbidden to do in the West) or buying RUB right after the partial gold coverage was announced.
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