Russian Banks Join Chinese Swift – Is the Dollar Era Under Threat?

As a Saudi oil minister once remarked, the Stone Age didn’t end because we ran out of stones. It seems it’s neither the deficit of a tool nor its deficiencies that make it obsolete, but rather the invention of new tools that do the job better. With increasing competition, will the U.S. dollar continue to be the world’s primary currency, will it come to be just one of several reserve fiat currencies, or will cryptocurrency become the new instrument that powers the global economy?

Also read: Lithuania Central Bank’s Policy Update Opens the Door for Crypto Payments

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https://news.bitcoin.com/russian-banks-join-chinese-swift-is-the-dollar-era-under-threat/

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