Australia closer to a cashless society

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News Date: August 17, 2020

Australia's big four banks remove thousands of ATMs and shut down hundreds of branches as the coronavirus crisis pushes nation closer to a cashless society.
Sources:www.dailymail.co.uk, www.atmmarketplace.com

Debts forgiveness and peace at the Russia-Africa summit

Vladimir Putin hosted the Russia-Africa summit in St. Petersburg from July 27 to 28.
Putin: The total amount of debt of the African countries written off by Russia amounts to $23 billion dollars with another $90 million to be allocated for the same purposes.
Vladimir Putin, the president of Russia, also stated on Friday that Moscow is closely analyzing suggestions made by several African leaders to put an end to the conflict in Ukraine.

Egypt to trade in local currencies with BRICS

Egypt will abandon the US dollar, establishing trade with BRICS countries in local currencies. Egypt has announced that they are ditching the US dollar in their trade with China, Russia, and India.
"Nothing of the sort has been implemented but there are discussions so that we can trade in local currencies of countries like India, Russia or China," Egyptian Supply Minister Ali Moselhy told Reuters.
Last year, Egypt formally applied to join BRICS and the SCO.

ISO20022, QFS, Crypto brand new tutorial

ISO20022? is a worldwide industry standard that has been bought in to regulate the interchange of electronic data between financial institutions.
It improves the compatibility across technology platforms and this isn't just with the high street bank or your country's bank, this includes digital/cryptocurrencies as well.
ISO networks: XRP/Flare Network, XDC/XinFin Network, XLM Stellar Network.
QFS is not cryptocurrency - it is 'asset-backed' digital currency.
Full tutorial: drive.google.com

Challenging The G7

BRICS plus nations in the Global South could represent a sea change in the West's global institutions.
The West has traditionally dominated global groupings of leaders, most notably the G8, which included Russia until 2014 and is now the G7.
That is an inter-governmental political forum consisting of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, with the European Union is a 'non-enumerated member'.
Russia is ready to develop a global reserve currency together with China and other members of the BRICS group of nations.
It could be based on a basket of currencies from the organization's members.
One possibility is that the BRICS basket currency could attract the reserves not just of the group's members, but also countries already in their range of influence.
These include nations in South Asia and the Middle East.
Sources: silkroadbriefing.com

White House announces $1B for AI, quantum mechanics

Today, the White House, the National Science Foundation (NSF), and the Department of Energy (DOE) announced more than $1 billion in awards for the establishment of 12 new AI and QIS research and development (R&D) institutes nationwide.
Source:www.whitehouse.gov