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Fintech and XRP Support in US GOV Register New Rule

Gesara.news » News » Fintech and XRP Support in US GOV Register New Rule

News Date: July 18, 2020

The Remittance Transfers Under the Electronic Fund Transfer Act final rule is effective July 21, 2020.
The continued growth of "fintech" nonbank remittance transfer providers and their further expansion into partnerships and other relationships with banks and credit unions, which allow such entities to tap into the closed network payment systems that nonbank remittance transfer providers have developed and (3) the continued growth and expanding partnerships of virtual currency companies, such as Ripple, which offer both a payments messaging platform to support cross-border money transfers as well as a virtual currency, XRP, which can be used to effect settlement of those transfers.
The Bureau also believes that expanded adoption of SWIFT's gpi product or Ripple's suite of products could similarly allow banks and credit unions to know the exact final amount that recipients of remittance transfers will receive before they are sent.
Source: www.federalregister.gov

White House was lit gold

On September 1, the White House was lit gold in honor of Childhood Cancer Awareness Month.
Over the last half century, substantial progress has been made in the diagnosis and treatment of several types of childhood cancer. The goal is to end childhood cancer and continuing to improve the care that all of these children receive.
Sources:twitter.com/WhiteHouse

The largest-ever BRICS summit

In October 2024, Russia will host the largest-ever BRICS summit in Kazan, as announced by President Vladimir Putin.
The choice of Kazan underscores Russia's commitment to fostering collaboration among the BRICS nations.
Events will also be held in the well-established BRICS+ format, Putin stated.
The summit aims to address global issues, strengthen diplomatic ties, and explore enhanced cooperation, adding a unique cultural and historical dimension to the proceedings.

BRICS planning SWIFT competitor

The BRICS nations, have announced plans to establish their own money-transferring network, aiming to challenge the SWIFT international payment system.
Russian Finance Minister Anton Siluanov revealed this ambitious strategy in an interview with TASS news agency.
This initiative is geared toward enabling seamless cross-border transactions among BRICS member countries, reducing costs and risks associated with external financial intermediaries.
It also seeks to promote the use of BRICS currencies in international trade, potentially diminishing the dominance of the US dollar.
The BRICS network aims to rival SWIFT's capabilities by developing advanced payment infrastructure and cybersecurity measures.
While benefiting BRICS nations, it could also enhance competition and efficiency in the global financial system, benefiting businesses and individuals worldwide.
This move signifies the BRICS nations' determination to reduce reliance on Western financial systems and assert more influence in global finance.

Gold Standard Act Approved on March 14, 1900

President McKinley signs Gold Standard Act, March 14, 1900.
122 years ago today, President William McKinley signed the Gold Standard Act, which established gold as the sole basis for redeeming paper currency.
The act halted the practice of bimetallism, which had allowed silver to also serve as a monetary standard.
It set the value of gold at $20.67 an ounce and valued the dollar at 25.8 grains of gold.
The act guaranteed that the government would redeem any amount of paper money for its value in gold, and it meant that transactions no longer had to be done with heavy gold bullion or coins because the paper currency had a guaranteed value tied to something real.
Source: www.thebalance.com

The October 2020 Full Blue Moon, a higher consciousness

The October full blue moon also aligns with Mercury retrograde in Libra squaring Saturn in the sign of Capricorn. A multiplex of energies all aligned at once and hitting the earth in the light reflection of Uranus. (Moon conjunct Uranus)
Expect the unexpected know that there will be twists and turns upsetting the balance of your normal rhythm. A full Blue moon is the zenith of moon power throughout the year, be sure to create and let go of your magical energy for manifestation this blue moon. The perfect time to tune into your psychic energy in preparation for a higher consciousness power-boosting download.
Sources: thriveonnews.com

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