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pragmaticalien8 | 3 years ago
1) Importer and Exporter settle on a price for a item 2) Importer "deposits(locks in)" total or % value of goods into a contract via CBDC through banking or a guarantee(AKA Amazon) entity 3) Exporter is guranteed funds, exporter sends the goods 4) Importer receives the goods, funds gets released(provided all contract terms are fulfilled) to the exporter immediatly.
This is good use for CDBC in trading. There is no Letter of Credit, Drafts etc that eat up a % of profit and time for both the importer and exporter.
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