Banking for Globals 2024 | Note IN PROGRESS

• Governmental currency: most common "banks" to keep one's tax currency
• Cash deposit (multi-channel accounts): transferable via checks, EFTs, card, wire, etc.
  
• Cash deposit (single-channel accounts): transferable only via card network
• Exposed to governmental regulatory risk (e.g. asset forfeiture program executed by or operated under an inappropriately empowered personnel such as corrupt employees)
  
• Multi-Governmental currency: often called "forex" account to bank international currencies
• Currency as Cash: currencies are banked as payable cash deposit
• Currency as Investment: currencies are banked as salable financial instrument
• Exposed to inter-national exchange rate risk (e.g. EUR:USD, etc.)
  
• Non-Governmental currency: currencies without effect/power promised by any governments
  
• Physical currencies: precious metals, minerals, etc.
  
• Digital currencies: crypto and non-crypto currencies such as mileage, points, etc.
• Exposed to inter-natural exchange rate risk (e.g. BTC:USD, etc.)
  

(Future of crypto digital currency is unknown for the U.S. subjects as the government is imposing restrictions that disable functions of crypto-currencies as currencies) 

BANKING SERVICES BEING REVIEWED BY ROLE WITHIN THE SUPPLY CHAIN

• Banking service provider (Banks): entities that hold the deposited funds in vaults for safekeeping
• Banking software provider (eBankers): operators of software that carries out transactions and account management activities upon requests by the clients
• Money delivery service provider (Transfer/Payment processors): entities that deliver funds between accounts
  

• Failure to pay the merchants without human involvement for each specific country visited:
• Bank of America: intra- and inter-national transactions are both affected; fit only for domestic people
• PNC: delays from human involvement for some international transactions 
• Capital One: similar to PNC but with more frequent failure overseas when any part of payment system used by a merchant is headquartered in a country sanctioned by U.S. government
  
• Citibank: partially limited without effect of sanctions by U.S. government unless transactions are carried out while being present in the U.S.
• Immediate execution of the international payments upon the order via website:
• Citibank: successful
  
• PNC bank: not available without additional fees
  
• Capital One: not available without additional fees
  

• Gov't Currency:
• Varo: no failure in emergency upon "change of jurisdiction" with phone tracking data
  
• Capital One: failure to work upon every "cross-border" movement but has physical locations for emergency in the U.S.
• Multi-Gov't Currency:
• Wise: not even a good vendor but easiest and quickest to use
• (need to try 5 more on the list)
  
• Non-Gov't Currency:
  
• RobinHood: purchase Bitcoin, only as an investment, but can be sold then be spent quickly via its debit card; Bitcoin can only be converted to USD before spent, thereby creating an exchange rate risk unlike physical foreign currency. (Tax scheme)

• Gov't Currency:
• Block Cash: automated banking with operation over the web that's sufficient for sole proprietorships in eCommerce or in Freelance service industries
  
• Mercury: no failure in emergency upon "change of jurisdiction" with phone tracking data but requires authentication app to login that increases the likelihood of sign-in failure for Globals with frequent cross-border movements
  
• Capital One: failure to work upon every "cross-border" movement but has physical locations for emergency in the U.S.
• Citibank: some transactions still involves delay caused by required human involvement
  
• HSBC: some transactions still involves delay caused by required human involvement
• Multi-Gov't Currency:
•  
• Wise: not even a good vendor but easiest and quickest to use
• (need to try 5 more on the list)
  
• Non-Gov't Currency:
• Block Cash: automated banking with operation over the web
•