alt Hacker NewsWhich is why efforts by China to stand up independent cross border payment rails are important. You have to cut the US out of any ability to control activities outside of their boundaries.
China, Egypt to do away with the use of the US dollar - https://news.ycombinator.com/item?id=49555056 - September 2026
China nears launch of mBridge as alternative to Swift - https://news.ycombinator.com/item?id=48636931 - June 2026
Replies
graemep • today at 6:09 PM
So the rest of the world has the option of relying on China instead? How is that better?
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and Europe. Europe should also decouple itself from the U.S. as much as it is possible, and not repeat the mistake of overreliance with China. not because China is somehow worse, but because you always should be able to say "no", no matter how good your partners are