WILL WE SOON SEE A BTC-YUAN INSTEAD OF BTC-USD ON THE CRYPTOCURRENCY EXCHANGES?
Death of US dollar?
China launches petro-yuan to challenge greenback’s dominance.
The highly anticipated yuan-backed crude oil futures have been launched in Shanghai. China is the world’s biggest oil consumer, with eyes on rival benchmarks Brent and WTI as well as the US currency.
At the same time, the petro-yuan launch is seen as a blow to the US dollar that has been weakening in recent months. The US dollar is the predominant settlement currency for oil futures contracts. On Monday, the greenback slipped to a 16-month low against the Japanese yen, but remained steady against a basket of six major currencies
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https://www.rt.com/business/422314-petro-yuan-futures-dollar-death/
USD is wekening due to its inherent flaws. American debt is sksyrocketing . Every smart countries would want to get rid of dollar monopoly . Crypto will aid the process . Asset _fiat trading pair other than usd is step in right direction.
it's an informative-one..
thanks for sharing with us..@melip
@upvote & @resteem has done
Friend @melip I like your posts are interesting and informative, every day I learn more about you, my congratulations, a hug @betaniaj
Una pelea sin sentido entre las dos mas grandes economias del mundo, esperemos no sigan porque al final podremos salir perjudicados las otras economias mucho mas pequeñas. Buena publicacion
Amazing post
@vote and resteem
China is master in cryptocurrency, i really liked
China is growing fastly.
nice a post,saya suka dengan gambar dan isi postingan kamu,saya akan support kamu my friends
Nice post
its too much informative for us..
thank u..so much..
#@upvote &@resteem done