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RE: Vladimir Putin backs Bitcoin and fake Satoshi sued for $10 BILLION?!

in #bitcoin6 years ago

Why should a Guatamelan who is buying from China as we all do pay the Chinese in US dollars, why should a Swiss sell his chocolate to a Japanese in US dollars, why should a Russian pay a German in US dollars for German cars?
It is illogical to use American currency in transactions not involving America. Crypto currencies offer a way out of this.

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It has a lot to do with internal finance teams at large multinationals. Ive been on such teams and trying to manage multiple currencies was a pain in the ass and lead to many complications. The US Dollar was/is seen as a stable benchmark. Look at the value fluctuation of the Japanese yen in 2013-2015. A wild ride for my business unit who had costs in USD but made sales in JPY. Profit margins were always fluctuating. Made it hard to evaluate the business for shareholders/investors.