The chain
One bill, endorsed down the line
Instead of three loans in three currencies, the buyer’s promise travels upstream, and each holder can pass it on in payment.
Leg 1 · India
Rajasthan Farming
Grows cotton and spins high-quality yarn. They took on Bursa as a new customer because Bursa offered to pay with an e-bill, and their Indian mint issued e-cash for it, so the farmhands were paid.
Benefits for the grower
- Broaden the customer base
- High reliability of payment
- Immediate liquidity options
Leg 2 · Türkiye
Bursa Textile Mills
Weaves and cuts premium T-shirts from Indian yarn. They take in the German e-bill; because it is payable via a Bitcredit mint, their own mint issues the e-cash that pays suppliers and factory wages.
Benefits for the mill
- Eliminate financing gaps
- Unbureaucratic trade credit
- Save on expensive capital
Leg 3 · Germany
Berlin Novelty Fashions
Prints and sells customer-specific T-shirts online. They import blank shirts from Türkiye and issue a three-month e-bill, paid via their German mint once the shirts have sold.
Benefits for the store
- Enhanced credit worthiness
- Cheap funding for growth
- Practical, organised finances
Each endorser stays liable, so the further the bill travels the more names stand behind it which is why a mint at the far end is willing to price it.
Berlin Novelty Fashions issues a 3-month e-bill
Sum certain for the order of blank T-shirts, payable in three months at Berlin.
Bursa endorses it to Rajasthan Farming
In payment for yarn. No cash left Bursa, and the producer’s name is now on the bill too.
Rajasthan Farming mints it into e-cash
Their Indian mint splits the e-bill into e-cash, so the farmhands are paid in the week the bales moved.
Berlin pays; the chain closes
Payment clears on Bitcoin mainchain, the e-cash is redeemed, and the bill is discharged.
Three currencies, no conversion chain
Rupees, lira and euros never had to meet. The bill is denominated once and settles in Bitcoin.
No correspondent banking
The slowest, most fragile part of a three-country payment is the part that no longer exists.
Credit where the trust already is
Each party extended credit to somebody it already ships to. Nobody underwrote a stranger.
Your chain
How many legs does yours have?
The more hands the goods pass through, the more a single endorsable instrument beats a stack of separate loans.
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