A growing number of nations are integrating their local currencies onto blockchain networks to facilitate international trade, reduce fees, and improve financial access.
24/7 Access in New Zealand
New Zealand faces challenges in global trade due to its unique time zones. However, the introduction of a real-time, 24/7 NZD stablecoin on blockchain allows for transactions at any time, enhancing business for companies like Easy Crypto and ensuring access to global markets.
Cutting Fees in Brazil
Brazil has been isolated from the global financial system due to high foreign exchange fees. The introduction of the BRL (Brazilian Real) on blockchain makes trading more affordable and efficient, opening new opportunities for business.
Instant Transactions in Turkey
The Turkish economy faces challenges, especially with moving the Turkish Lira in digital markets. The BiLira Kripto (TRYB) stablecoin on blockchain resolves these issues by allowing instant and 24/7 settlement, eliminating delays and additional costs.
Bringing local currencies onchain could be the key to creating a truly global economy. With lower fees, faster transactions, and more financial access, the world could be well on its way to a future where everyone can participate in the digital economy.
