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@kuusho

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I can't stop thinking about how stablecoins have the potential to shape international finance in the same way shipping containers permanently changed International trade. The lifecycle of shipping goods from point A to point B shared so many of the same bottlenecks we see in traditional finance rails today: 1. Time consumption: Similar to how loading and unloading ships manually caused massive delays in shipments, cross-border transactions today also cause massive delays that slow down the speed of economic activities, even in an increasingly digital world. 2. Cost of multiple Middlemen: Transaction costs from banks to payment processors to card issuers all through the life cycle of a single coffee purchase are reminiscent of the cost inefficiencies of hiring manual labour to assist in loading and unloading cargo, a process that sometimes cost more than what it took to ship goods overseas.
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