Kenya pushes for global financial reform tomorrow

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News Date: April 28, 2024

President Ruto of Kenya will lead African presidents in advocating for global financial system reform at an upcoming meeting.
He aims to address the imbalance that favors wealthy nations, pushing for equitable resource distribution.
Ruto's focus includes reforming institutions like the World Bank to ensure African voices are heard.
This initiative underscores the need for a fairer and more inclusive international financial system, resonating beyond Africa's borders.

Ripple Patent and Standard Outshines Swift

Blockchain payments technology firm Ripple has won a patent for a design that can execute smart contracts based on data collected from the outside world.
That means it Can Settle Derivatives And Oil Contracts.
Cross-border payments network Ripple (XRP) also announced in May that it has become part of the ISO 20022 Standards Body, becoming its first member focused on distributed ledger technology (DLT).
Sources:gesara.news, www.coindesk.com

Quantum computing to crack cryptocurrency in 8 years

Ripple CTO David Schwartz says quantum computing poses a serious threat to the future of cryptocurrency.
Schwartz says he thinks developers have at least eight years until the technology, which leverages the properties of quantum physics to perform fast calculations, becomes sophisticated enough to crack cryptocurrency.
Source:www.crypto-news-flash.com

Gold Rush to Dump U.S Debt

As the world continues down the road of extreme uncertainty, investors and foreign central banks continue to turn to the oldest form of money as a measure of providing some stability, gold.
So far, in 2020, central banks have added a net of 181 tons of gold to their reserves. Gold continues to retain its position of being the most reliable store of value and means of exchange in times of extreme uncertainty. This should explain why several central banks plan on continuing to increase their gold reserves in 2020.
Example:www.goldtelegraph.com

Trump vows 'transition to greatness' in meeting with GOP lawmakers

"We're going into transition," Trump said at the beginning of the meeting. "I call it transition to greatness. It's going to be a transition to greatness, because we're going to do something very fast and we're going to have a phenomenal year next year."
Source:youtube.com

Russia supports Saudi Arabia membership in BRICS

Russian President Vladimir Putin said on Thursday that he supports Saudi Arabia's possible accession to the BRICS group.
Putin: Yes, we support. This requires a consensus of all countries.
Also, on 20 Oct, China voiced support for the expansion of BRICS membership after reports about Saudi Arabia showing its intention to join the group that presently comprises Brazil, Russia, India, China and South Africa.
Sources: see.news