The financial system is changing right now
Gesara.news » News » The financial system is changing right now
News Date: February 28, 2022
Russian minister says: we are working on digital One World One Currency for trade - local media.
Russian financial messaging system will be able to replace SWIFT - financial infrastructure will work smoothly - Russian Central Bank Chair.
Stocks booming in Chinese SWIFT alternative - CIPS.
The Cross-Border Interbank Payment System (CIPS) is a payment system that offers clearing and settlement services for its participants in cross-border RMB payments and trade.
It is a significant financial market infrastructure in China.
CIPS is sometimes referred to as the China Interbank Payment System.
Bank of Russia Resumes Gold Buying After Two Years on Sidelines.
Russia-Ukraine war is 'a financial war now': Deutsche Bank
Central Bank digital currencies Competition
China CBDC Pilot Program Beats West to the Punch.Chinas Ministry of Commerce has announced the pilot run of the country's central bank-backed digital currency in major cities, including Beijing, Hong Kong, and Macau.
Bitcoin and Facebooks Libra cryptocurrency may eventually be in competition with central bank digital currencies.
Source:www.securities.io, www.forbes.com
Multichain integrates XRP Ledger
Multichain is supporting XRP Ledger (XRPL) for cross-chain connection with EVM and non-EVM compliant blockchains.Multichain was born as Anyswap on the 20th July 2020 to service the clear needs of different and diverse blockchains to communicate with each other.
As a cross-chain infrastructure, Multichain facilitates interoperability across different networks and enables seamless transfers of assets and values.
With a constantly growing family of non-EVM and EVM chains (now 39), Multichain is the leader in the cross-chain field.
Its sustained daily volume of more than $200 million, its Total Value Locked in excess of $6 billion, and its thousands of daily users are testament to its popularity and security.
Source: medium.com
April 2: Liberation Day and Coinage Act Celebration
April 2 weaves together two remarkable threads of American history, uniting past innovation with modern commemoration. On April 2, 1792, the United States Congress enacted the Coinage Act, a pivotal law that solidified the nation's early monetary system. Signed under President George Washington, this act established the dollar as the official currency and launched a bimetallic system, linking its value to gold and silver. Overseen by the newly founded United States Mint, it standardized coins by their precious metal content, fostering trust and stability in a young economy. Fast forward to 2025, and President Donald Trump declared April 2 "Liberation Day," a bold celebration of economic renewal through aggressive trade policies - an apt, if coincidental, nod to the day's historic financial roots.While the Coinage Act of 1792 didn't usher in the full gold standard - later cemented in the 19th century - it laid critical groundwork with its practical yet forward-thinking design. It equipped the fledgling republic with a unified currency vital for commerce and growth, signaling a break from colonial reliance.
Today, April 2, 1792, endures as a cornerstone of American monetary history, its bimetallic foundation shaping the nation's economic trajectory. Trump's "Liberation Day" proclamation in 2025 adds a contemporary flourish, merging the legacy of financial independence with a modern vision of liberation, making April 2 a day of dual resonance.
Russia issued Gold-Backed Crypto Coins
The largest bank in Russia, Sber Bank, just announced that it has issued gold-backed digital assets on its own blockchain.It is expected that this will attract a lot of new investors and institutions especially as there is a lot of concern about inflation for fiat currencies.
After all, many of the citizens in the country have started to use the blockchain as a method to preserve wealth and to transfer wealth without having any interference from a bank or government.
Sources: procoinnews
Syria in secret negotiations with Israel for peace deal
Syria is widely believed to be in secret talks with Israel for peace deal.A widespread belief has emerged recently in diplomatic corridors about the presence of secret negotiations between Israel and Syria, the London-based Asharq Al-Awsat newspaper reported Sunday.
Sources:www.israelnationalnews.com, worldisraelnews.com