Credit Card As a Foreign Exchange Market Card

A method implemented on an electronic computing device for using an existing credit card of an individual in a foreign country, the method comprising:

• receiving, by the electronic computing device, a request to allocate an amount of money for use with the existing credit card of the individual in the foreign country;
• identifying, by the electronic computing device, the foreign country in which the individual is to travel;
• identifying, by the electronic computing device, a collaborative bank in the foreign country, the collaborative bank creating a virtual account for the individual;
• sending, by the electronic computing device, an allocation request to the collaborative bank to allocate the amount of money for the virtual account;
• receiving, by the electronic computing device, a notification for a transaction made by the individual with the existing credit card in the foreign country using the amount of money allocated to the virtual account, wherein the transaction includes one or more purchases;
• determining, by the electronic computing device, that a memorandum of understanding is associated with the existing credit card;
• upon determining that a memorandum of understanding is associated with the existing credit card, sending a notification of the transaction to the collaborative bank;
• and
• storing a record in a block chain data ledger in a block chain format, the block chain format including:
• (i) a purchase of an item at a merchant in the foreign country, (ii) a payment made to the merchant for the purchase, and (iii) a reimbursement made to the collaborative bank for the payment to the merchant, wherein the block chain data ledger includes a block chain storage system comprising a plurality of distributed, peer-to-peer storage devices.