That’s a good idea, and I’m not sure why it’s not already being done.
Used to work in import/export, but that was a long time ago. We used Letters of Credit, and I can see how this could be a problem if banks don’t trust each other.
Additionally, why not start up a full-reserve bank that can work as an escrow company in all types of transactions like this?
Anyone here with more current experience know why/if this is not being done?
