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𝐌𝐀𝐓𝐔𝐑𝐈𝐓𝐘 𝐈𝐒 𝐑𝐄𝐀𝐋𝐈𝐙𝐈𝐍𝐆 𝐇𝐎𝐖 𝐌𝐔𝐂𝐇 𝐌𝐎𝐍𝐄𝐘 𝐈𝐒 𝐋𝐎𝐒𝐓 𝐉𝐔𝐒𝐓 𝐓𝐑𝐘𝐈𝐍𝐆 𝐓𝐎 𝐌𝐎𝐕𝐄 𝐈𝐓.
Most global trade businesses lose between 5% and 7% of their revenue to cross border payments.
Not in one big charge. In small pieces, every time money moves.
International trade still depends on an old banking setup.
Payments pass through multiple banks, take days to arrive, and pick up fees and bad exchange rates along the way.
By the time funds land, value has already leaked out.
@speciefinance exists to stop that leak.
Specie is built on the @SeismicSys blockchain and designed specifically for global trade businesses.
The goal is to keep money visible, usable, and in one place.
Most importers and exporters don’t run their business from one account.
They’re forced to open several.
One for dollars, one for local payments, one for FX and one for cards.
Money ends up scattered across countries and currencies.
This makes everyday operations harder than they should be.
Teams spend time tracking balances, moving funds between accounts, and reacting to cash gaps.
As the business grows, this setup doesn’t break, it slows everything down.
● The cost shows up quietly.
● International wires take time.
● Exchange rates come with hidden markups.
● Fees appear after settlement.
Over a year, these small losses add up to a serious hit on revenue, especially for smaller trade firms.
Led by Frankie DiGiacomo, Specie brings everything together into a single global account.
● Balances are shown in one place.
● Local payments move through local rails.
● Currency exchange happens with clear pricing.
● Invoices, cards, approvals, and payments live in the same system.
Money becomes easier to see and easier to move.
Specie turns cross border finance into one continuous flow.
When money moves freely, trade businesses do too.
Gmic legends @xealistt @heathcliff_eth @NoxxW3
Seismic@SeismicSys
Specie is building on Seismic. It's led by @frankiedigiac, a repeat founder from Morgan Stanley who's now creating a global account for trade businesses.
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