About 80-90% of world trade today relies on trade finance. It is one of the most reliable forms of financing with less than 1% of transactions facing default. Despite this, the global trade finance gap was estimated at US$ 1.6 trillion in 2016. For Asian developing economies alone, the estimated shortage is US$ 692 billion.
One of the important decisions taken in the 37th GST Council meeting held on September 20, 2019 was that GST will not apply to intermediaries dealing with certain kinds of international transactions.
Geneva based blockchain software provider komgo SA has announced that it has taken a number of steps towards achieving its mission of catalyzing the world’s commodity trade network, with almost a billion USD of financing channeled by members of the network.
If you are reading this article, you’re probably taking your first bold step towards building a profitable career in the cryptocurrency market.