BRICS Launches BRICS Pay System

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Date: October 25, 2023

BRICS has unveiled BRICS Pay, a new payment platform developed over the past few years.
This system is designed to boost trade and financial transactions within the bloc, emphasizing the use of national currencies over the US dollar.
BRICS Pay aims to streamline cross-border transactions, reduce exposure to currency exchange risks, and enhance the financial independence and stability of its member countries, marking a significant step in challenging the dollar's dominance on the global stage.

PayPal, Venmo to Roll Out Crypto Buying and Selling

Fintech giant PayPal plans to roll out direct sales of cryptocurrency to its 325 million users, according to three people familiar with the matter.
Currently, PayPal can be used as an alternative means for withdrawing funds from exchanges such as Coinbase, but this would be a first in terms of offering direct sales of crypto.
Source:coindesk.com

Gold Standard on Kremlin Desk

Russian president Vladimir Putin is discussing the idea of pegging the Ruble to gold And Commodities.
If approved this would directly link Russia's currency to gold bullion for the first time in more than a century.
Linking the ruble to bullion could give Russia more "sovereignty" over its financial system.
However, the governor of Russia's central bank, Elvira Nabiullina, told reporters the idea was "not being discussed in any way".
Full article: Reuters

US Rep Calls for Abolishing Income Tax

Rep. Thomas Massie posted on February 24 that the federal income tax was unconstitutional for much of U.S. history and called for its repeal.
Massie: "The federal income tax was unconstitutional for most of our county???s existence.
The founders of this country would have never agreed to it.
We should repeal it."

Qatar boosted gold reserves to record levels

Qatar boosts gold reserves to record levels after buying 14.8 tonnes in July.
The Qatar Central Bank is the latest bank to announce an increase in its holding of precious metals.
Reserve data from the central bank shows it bought 14.8 tonnes of gold last month.
Source: kitco.com

Panic! Donald Trump retweeted the Kraken description

Lin Wood, the attorney of Donald Trump, tweeted On November 24 the post of The Marshall Report, describing what is the Kraken.
Shortly President Donald Trump retweeted this post.
In our previous post, you can find the whole article related to Kraken.
Kraken is a Department of Defense-run cyber warfare program.
Sources: twitter.com, gesara.news