Trade has always been hot topic among the powers that be in the global economy. It is generally seen as a net positive , even though its effects are sometimes overestimated in my opinion.
Trading is one sure way to build value and get people off poverty. Exchanging one set of valuable items for another can facilitate this in ways that many don't even imagine. No wonder then that the whenever sanctions or agreements are considered, it is usually through trade.
The thing about trade, especially international trade is that as it currently is, it tends to favor already established nations over poorer ones, further compounding the poverty-debt cycle for poorer nations. We see cases where two countries claim to be partners in trade, but one is responsible for almost all the exports involved in the partnership, while the other serves as a dumping ground for all sorts of imported items.
The irony is that it isn't like the poorer nation doesn't have goods and services they will like to export, but they are constrained by a lack of suitable infrastructure to facilitate their trade. Traders in these climes usually experience bottlenecks in respect to standardization, payments as well as capital constrains.
Unfortunately conventional trade bodies have largely ignored this problem as it affects those at the bottom and not the top. However, the introduction of cryptocurrencies into the World stage has completely changed the game and built a payments infrastructure from out of nowhere.
In poorer climes, payments are usually a slow and expensive to perform. So much so that it can discourage many small time exporters who look at it as not worth the hassle. Most trades are performed with the U.S dollar therefore it may be stifled by its availability or non availability.
With Crypto, the central currency is already there and all one has to do is make an instantaneous transfer of such equivalent to their partner. This is even a more secure paying method than what obtains, and is a lot more transparent to prevent possible scams that can arise from such dealings.
Conclusion
Trade is one of our biggest selling points, and it is quite funny when World powers recognize this advantage, and yet try to downplay it, of utterly rubbish it. Yet smaller, poorer nations can take advantage in spite of a lack of acceptance as of now, with the inevitable testament to its proof of value increasingly visible.
