The Next Payment War Is About the Currency in the Middle
A Kenyan importer buys equipment from China. The supplier wants yuan. The importer earns shillings. For years, the invisible guest...
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A Kenyan importer buys equipment from China. The supplier wants yuan. The importer earns shillings. For years, the invisible guest at the table has often been the dollar. Shillings become dollars. Dollars become yuan. Banks, correspondent accounts, spreads and settlement windows sit between the buyer and the machine they actually want. Now that middle is […]