Both freight spot and contract rates offer shippers a different value proposition, with contract providing the year-long security of price and capacity, while spot is there to assist shippers when their contract carriers are not enough or there is a special need to move freight on a lane a contract price has yet to be negotiated.
Cryptocurrencies like Bitcoin or Ethereum as we have mentioned in the previous blogs do not require an intermediary institution to send payments, which opens up their use to anyone around the world. But the main setback is that cryptocurrency prices are unpredictable and have a tendency to fluctuate wildly, you never know what could happen, making it very hard for everyday people to trust crypto and use it on a daily basis.
In the last blog, we talked, about how crypto is shaking up our concept of money, and how today its been accepted as payment Companies like Tesla and Microsoft now accept Bitcoin as a standard means of payment for their products and services. So if you can buy things with crypto, does that mean you can get paid in it?