Bitcoin & global money flows: Hidden routes of the globe’s growing economies

economictimes.indiatimes.com:

These inefficiencies in global trade don’t just affect speed and price, they also exclude large parts of the world from participating at all. But there is a way to bring the entire world to the table: build business on a fast and cheap settlement layer, ideally one with a neutral, globally accepted currency.

Luckily, it’s already here in the form of cryptocurrencies and decentralized ledgers. With no barrier to entry or trade, cryptocurrencies are already interoperable within and across national economies. In the example of Bitcoin, we also have a globally recognized store of value and can enjoy low-cost, high-speed transactions to anyone, anywhere, anytime.

Let’s explore what this borderless global economy makes possible.

Did you Know?

The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors.

Better infrastructure makes for larger ponds

No business can grow beyond the size of its total addressable market, any more than a fish can grow beyond the size of its pond. This is especially true of developing economies, where local businesses are constrained to serving their immediate community. Historically, this was due to constraints in local infrastructure and few on-ramps to global commerce — but cryptocurrencies leapfrog these issues entirely.

For comparison, let’s look at one simple component of global payments: currencies. In a system built on distinct national currencies moved and