SIO uses the global and borderless nature of bitcoins to not only easily facilitate cross-border transactions between users anywhere on the globe but also to benefit from the global currencies it can make available to you.
SIO easily provides you with foreign exchange benefits in a number of ways:
Offshore exposure to foreign currencies.
Hedge away foreign exchange rate fluctuations in lieu of a future cross-border payment.
Transfer or remit money to another country.
Offer cross-border money transfer services to others.
Currently, you can get foreign currency exposure to USD, Yen, EUR and GBP.
As SIO continues to grow, we will make more currencies available to you.
Because SIO has access to a number of cryptocurrency exchanges, we can easily convert your currency and/or bitcoins into one of the available currencies.
It is actually extremely simple. Bitcoin is a global ecosystem, and bitcoin is not a government-issued currency. It is a global currency that is not and can not be regulated or controlled by any government or central bank. Bitcoins are not limited to any country or jurisdiction. Bitcoins are global and exist as entries on a blockchain that is replicated all over the world. You can therefore think of bitcoins as being 'everywhere' at the same time.
Whenevery you buy bitcoins with your local currency, you are performing a local transaction. Buying bitcoins is not an international or cross-border transaction that can be regulated or prevented. But once you have the bitcoins, it allows you to purchase any other currency anywhere in the world.