A shipment of 3,000 tonnes of wheat from Russia to Turkey was recently fully paid with Bitcoin. With this delivery, the Prime Shipping Foundation has tested how to use Blockchain in international trade.
The goal is to free the international freight industry from the dollar that still dominates it, including the big banks, middlemen, and money traders who have become irreplaceable in dollar dominance. Just as the gold standard unleashed a wave of globalization in the late nineteenth century, a new Bitcoin standard could spur another globalization push on the global economy. The Prime Shipping Foundation is now trying to develop a "complex ecosystem that allows transactions to be made rapidly and with virtually no losses between the major Fiat currencies and the major crypto currencies."
I'm still believing in the idea of a decentralized currency like bitcoin!
Cheers;
