Treasuries, paired with technologies like digital twins, computable contracts, composable proofs, and synchronized accounting, pave the way for a novel payment mechanism that sidesteps the need for currency. In this system, known as a settlement process, assets aren’t physically exchanged. Instead, ownership rights are transferred. It's similar to how stock exchanges or credit card networks operate. Think of the old-fashioned bank check: it wasn’t the actual money being handed over, but the right to access that money. However, there was a catch with checks: they might not be backed by actual funds. These traditional modes of transfer cost the world a whopping $1.9 trillion annually. Most of this money isn't physically moved; banks just adjust ownership rights, a process riddled with inefficiencies and vulnerabilities, not to mention the staggering $900 billion lost annually to illicit practices like bribes and kickbacks.

Leading global regions like Singapore, London, and Silicon Valley have identified the payment sector as ripe for innovation. Financial technology firms, targeting payments, are raising billions. The control over payment networks yields unparalleled power, and the data acquired is invaluable. Modern credit card companies don't just profit from fees; they also monetize user data, sometimes earning more from the latter. Envision a tech behemoth like Facebook or Amazon overseeing these networks. The centralized power, without proper oversight, can infringe on privacy and freedom. In such an environment, corruption is likely, and the potential to misuse such vast power is ever-present.

Addressing these challenges, the Sweet Economy movement champions the establishment of a global, decentralized network of treasuries. This network can finalize transactions globally within moments. Advanced technologies make the system both resilient against corruption and difficult to target for malicious intent. Settlements, with the aid of synchronized accounting, don't necessarily require currency. Digital versions of assets, not their physical forms, can be transferred at a fraction of traditional costs. Proposed estimates suggest settlements should cost just 0.1% of the value transferred, a stark contrast to the exorbitant rates today. This modern method can potentially save trillions annually, empowering individuals rather than governments or banks. The crux is: with the capability to transfer value directly without borrowing, we edge closer to an interest-free financial landscape.