Topic: The Impact Of Bitcoin On Future Business Models（2） (Read 135 times)

Bitcoin will become an important means of payment for global cross-border trade

Finished e-commerce, the next step is the traditional industries. The payment of bulk commodities between countries is likely to be an important form of payment for bitcoin in the future.

For example, a series of commodities such as oil, rubber, ore, coal and so on may eventually be sent in bitcoin. Why do you say that? Because of the payment of bitcoin, compared with the traditional banking business, has a very big advantage.

Traditional business to carry out international trade, how to pay it? Letter of credit payment, then find the bank open letter of credit, open letter of credit what to do? As a bill, what to do after the transfer? Then behind the payment of various ink. T / Niubi payment it? Find a bank wire transfer, a series of cumbersome procedures for the final ink payment. Of course, there are still direct payment, but also to find a bank after all the formalities, only hit money.

Bank is a very inefficient business, I personally experienced ... ... let me wait in line in front of the counter for three hours, no tears. And the payment process will not be what kind of error, in short, interlocking people egg pain.

Bitcoin payments? As long as you sign some cash conversion agreements with several bitcoin payment centers, with multiple signatures, be careful when using Bitcoin wallets in your payment process, do not add the wrong decimal point, everything will be fine and smooth, and how much you do not have to worry about .

Of course, some people may wonder how to deal with bitcoin price fluctuations? I ask a few words, there are foreign exchange fluctuations in international trade it? Lock forward exchange rate chant. Bitcoin can also be hedged to lock the exchange rate, nothing problem.