XRP bombed. Could Ripple Replace SWIFT?
Gesara.news » News » XRP bombed. Could Ripple Replace SWIFT?
News Date: December 30, 2020
Cross-border payments network Ripple (XRP) has become part of the ISO 20022 Standards Body, its first member focused on distributed ledger technology (DLT).
Former SEC Chairman Jay Clayton dropped a legal airburst bomb on Ripple. A few short days before leaving the position, Clayton filed a lawsuit making claims that are at least, suspect because of timing.
What possible motivation could there be for shaking all retail investors out of XRP, and tanking its price? Perhaps it has to do with the actual function of Ripple. Ripple is a major contender for replacing the central banking SWIFT system for international transfers.
First Pretrial Conference for Ripple and SEC to Take Place on February 22.
Sources: gesara.news, www.youtube.com, u.today
Federal Reserve Endorses Ethereum-Backed Alternative To Libor
Jerome Powell, the current Chair of the US Federal Reserve, recently stated that an Ethereum-backed blockchain project operating as a reference rate called AMERIBOR could serve as a potential replacement to LIBOR.Goldman Sachs-backed crypto finance startup Circle has published the latest third-party audit of its USD-pegged stablecoin, USD Coin (USDC). USD Coin is on the Ethereum blockchain. The execution of issuing and redeeming USDC tokens is ensured with ERC-20 smart contract.
Source: forbes.com
A district court in China has reportedly ruled that Ethereum's cryptocurrency is legal property with economic value.
While cryptocurrency is not legal tender in China, people can hold and transfer them like property.
Source: bitcoin.com
Gold's role in the Global Monetary Reset
Gold will play a big role in the coming global 'monetary reset'.A global monetary reset is inevitable, as fiat currencies are being debased due to excessive money printing.
The U.S. dollar will be dethroned as the dominant global reserve currency by currencies backed by a basket of commodities including gold, according to Maxime Bernier, Founder and Leader of The People's Party of Canada.
An International reserve currency based on a basket of currencies is under consideration, Russian President Vladimir Putin said on June 22 at the BRICS Business Forum.
Sources: kitco.com
NESARA war. RV explosion on Commerce St.
A recreational vehicle (RV) exploded early Friday morning, on Christmas day, causing a fire and damage to several buildings in downtown Nashville around Second Avenue and Commerce Street. Federal, state, and local law enforcement partners are on the scene to investigate what we believe was an intentional act.It was a controlled operation? This can be a basic introduction to how the Good guys are implementing NESARA over time.
Earlier this year, POTUS talked about an RV - Revaluation of Currencies.
Sources: gesara.news, www.newsweek.com
CEO of SVB exits the board of FED
CEO of Failed Silicon Valley Bank No Longer a Director at SF Fed.The chief executive officer of failed Silicon Valley Bank, Greg Becker, is no longer on the board of directors at the Federal Reserve Bank of San Francisco.
The spokesperson declined to say how Becker exited the San Francisco Fed board.
(Reuters)
BRICS Prepares for Global Currency Reset
Russian IMF representative, Alexey Mozhin, in an interview with RIA Novosti published on Friday, suggests BRICS nations should prepare for a potential collapse of the dollar and international monetary system by offering an alternative currency.Mozhin's remarks highlight the increasing recognition of the flaws in the current financial system and the potential role of BRICS in providing an alternative solution.
"Such a proposal is being discussed. In the event of the collapse of the dollar and the international monetary system, it will be necessary to turn the said BRICS accounting unit into a real currency, backed by exchange goods,", he stated.