Title: China- International Trade Payments Situation Worsens: Crypto and Barter Rise as Alternatives
Post by: Bitcoin on Aug 15, 2024, 02:56 pm
Post by: Bitcoin on Aug 15, 2024, 02:56 pm
China- International Trade Payments Situation Worsens: Crypto and Barter Rise as Alternatives
Chinese regional banks, which were once used as bridges to process payments from to China, have begun rejecting these payments for fear of secondary sanctions. To facilitate these transactions, cryptocurrency and even barter schemes have emerged as options to continue trading outside the dollar-dominated financial system. Crypto Considered for Settling Trade Transactions Between China […]
Source: China- International Trade Payments Situation Worsens: Crypto and Barter Rise as Alternatives (https://news.bitcoin.com/china--trade-crypto-barter/)
Chinese regional banks, which were once used as bridges to process payments from to China, have begun rejecting these payments for fear of secondary sanctions. To facilitate these transactions, cryptocurrency and even barter schemes have emerged as options to continue trading outside the dollar-dominated financial system. Crypto Considered for Settling Trade Transactions Between China […]Source: China- International Trade Payments Situation Worsens: Crypto and Barter Rise as Alternatives (https://news.bitcoin.com/china--trade-crypto-barter/)