The topic of cryptocurrencies has gained prominence among specialists in international trade in recent months. With the global economic crisis generated by the new coronavirus pandemic, this need has become even more evident. The world powers enter a new race, seeking to be pioneers in a cryptocurrency system. Since 2014, China has been developing its…
A new, radical paradigm shift is in progress. The U.S. economy may shrink as much as 40% in the first semester of 2020. China, already the world’s largest economy by PPP for a few years now, may soon become the world’s largest economy even in exchange rate terms. The post-Planet Lockdown world – still a…
Keeping your distance from a discernible or imperceptible threat to your wellbeing is not a difficult concept to understand. If you approach a dog and the owner warns you that the dog bites, a natural instinct for some would be to retreat and walk on. Some, but not all. A proportion of people, perhaps consisting…
I went to a counter-serve restaurant recently, and when the time came to pay for my order, took out my wallet, presented a $20 bill, and was told, “Sorry, we don’t accept cash.” I was flabbergasted. What happened to “legal tender for all debts public and private,” as it says right there on the bill?…
In this squalid era of compromised data and hollowed privacy, it would be fitting that the company largely responsible for such mishaps would steer another technological innovation. Distractions are needed, and while Mark Zuckerberg cannot launch missiles, as yet, he can certainly launch platforms and what can be coarsely termed “deliverables”. Having become the object…
Payments can happen cheaply and easily without banks or credit card companies. This has now been demonstrated – not in the United States but in China. Unlike in the US, where numerous firms feast on fees from handling and processing payments, in China most money flows through mobile phones nearly for free. In 2018 these…
