Hive as a global money transfer service.

Introduction

The internet is a tool which changed the world.

I think of the internet as an amazing technological tool for the world to use. The interneti is a tool for information exchange. The internet allows everyone, everywhere, access to the worlds biggest library. It isn't a well curated library, so it has both truth and lies, good information and bad, information. But anyone, anywhere can exchange information on the internet, so it's like a Global Superhighway for information exchange, both sending and receiving. And HIve fulfills that same function, but for money.
Hive is a tool, which humans can use to transfer money across the street or across the world. And using Hive you can transfer money anywhere in the world in seconds. But that simple statement doesn't even begin to explain the importance of Bitcoin and now the importance of Hive. So I devoted this essay to explain the significance of hive, and I think you will be amazed.

Body

The Digital Ledger is a tool changing the world.

Now let us focus on Money Transfer, specifically Hive Money Transfer versus Traditional FInance Promise Transfer.

Point number one;

We must understand that the current Traditional Finance system can't send physical money over the internet to buy goods, pay for services or pay a bill.
The current Traditional Finance system sends a message, which is a promise to pay. The objective proof of this statement is the Delayed Settlement Period.
The current system of sending promises to pay has a delayed settlement period because it takes a period of time, from 2 days, to 30 days, for the actual act of paying money, to catch up with the promise to pay money. This is the objective proof, that the current Traditional Finance Money Transfer System is a Promise Transfer System, not a Money Transfer System.

Point number two

When we send Hive over the Hive blockchain, across the street or across the world, we are sending real money. We are not sending a "promises to pay". We are sending money. The objective prooof that Hive is indeed a Money Transfer System is that Hive has Immediate Settlement. When you get the message that someone sent you Hive, in seconds or sometimes minutes, you have the Hive in your wallet.
I will restate this point: The current system of sending promises to pay has a delayed settlement period because it takes a while for the actual act of paying money to catch up with the promise to pay money. This is in contrast to HIve, which is a system which actionally sends money. Because Hive sends actual money, it has immediate settlement.

Point number three;

Because the Traditional Financial System only sends promises and only receives promises, it must know that both parties are trustworthy , creditworthy and that there is a trusted third party, who guarantees the two individuals will pay their promises or debts.
These pre-conditions are required for a country to have access to SWIFT and similar Global Money Transfer Systems.
Because of this, almost one half the worlds people live in countries which are excluded from the SWIFT and similar global transfer systems, *and all the economic benefits they provide.
This is one big reason, half the world lives in poverty.
Hive is different.
Hive doesn't transfer promises, Hive transfers money
Hive transfers money, so Hive doesn't have delayed settlement, Hive has immediate settlement.
HIve transfers money, so Hive doesn't need an assessment of credit worthiness.
Hive transfers money, so Hive doesn't need an assessment of trustworthiness
Hive transfers money, so Hive doesn't need a trusted third party

Hive doesn't need any of those things, so Hive doesn't need those three preconditions, so Hive goes to where the people are and back, with real money.
Hive provides the people of the world all the economic benefits of a True Global Money Transfer System. Now the people of the world just have to hear the Good News about Hive and use it, to derive all those economic benefits.

Conclusion

My last words

Take a moment to mentally process this thought.
Because the Traditional FInance Sysytems process for sending money around the world depends on trust. The mechanisms to insure that trust results in the exclusion of almost half the worlds population from that system, and from the economic benefits it provides.
I wrote a whole article explaining the economic harm done when money can't flow to your country due to exclusion from SWIFT, called The International Monetary Fund or IMF, Money Transfer Systems and Poverty. Read it here: LINK.
It's that simple, and it's that complicated.
Digital ledger technology enabled the creation of Hive.
Using Hive capitol can flow into these countries and profits can flow back out.
Using Hive money flows to where it needs to flow.
Hive fixes this.