Global Cryptocurrency Exchange Waves.Exchange Announces ...
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Global Forex Markets - $5 trillion is moved every day, crypto is barely touching it...
It seems that when we discuss use cases for crypto, there is a large elephant in the room that no one has noticed. Every day, more than $5 trillion is moved through foreign currency exchange markets: to facilitate international trade, provide investment and hedging opportunities, arbitrage weaker currencies, service travelers and tourists, and, most importantly, to maintain absolute US dollar hegemony. Central banks and BIS convene often, to coordinate their money printing with swaps and loans for foreign countries, to prevent wild swings in relative fiat value and keep the US and Euro currencies on top. Crypto is an ideal vehicle to disrupt the international Forex markets. Buying crypto with one fiat currency and selling it for another is quite easy. Discuss. EDIT: It seems that nobody understood what I was getting at. Here is an example: https://www.zerohedge.com/news/2017-01-02/yuan-dumps-bitcoin-jumps-china-researchers-suggest-one-devaluation-capital-controls There could be billions worth of crypto changing hands every day if front-running central banks is a use case.
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