But all this is assuming they want to convert it into another currency at all, I was thinking why not just use it in that form for international trade although some of the other comments have explained the dollar amount equivalent wouldn’t be able to exist right now due to mining limits.
But why not use a combination then of crypto, precious metals, and just straight up raw currency. I mean if chinas bank doesn’t want to accept it they could just ship a container with money in it directly to them right?
I mean criminal enterprises move BILLIONS all the time without banks so I don’t see how its so hard for two of the larger nations in the world.
Edit: I’m guessing the conversion into the Yuan would betheissue with sending them straight up cash huh?