XRP bombed. Could Ripple Replace SWIFT?

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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

The FED announces a new upgraded system

The Federal Reserve Board announced that it will replace its current bank application filing system with a new and upgraded system later this month.
The substantive requirements of applications will remain the same with the new system making the filing process more intuitive and minimizing paper applications and communications.
Sources: federalreserve.gov

World Bank is urging debt relief

The World Bank's new president, Ajay Banga, is urging swift action in providing debt relief.
During a press conference at the Bank's annual meeting in Marrakech, he emphasized the need for expedited efforts to alleviate the economic burdens faced by many nations.
President Banga's message highlights the urgency of addressing global economic challenges and reaffirms the World Bank's commitment to supporting economic stability and sustainable development worldwide.

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

Space Force Supra Coders

The first 15 Supra Coders are already empowering the Space Force to be a lean and agile service by making improvements to processes, and developing new software for Guardians across the Space Force.
Supra Coders fix space software problems on the fly.
A new Supra Coder program within Space Operations Command deltas, Space Force's tactical-level units, provides software coding training for space operator Guardians so they can fix software issues quickly without having to wait for contractors or software experts.
Sources: www.spoc.spaceforce.mil

BRICS Common Currency report

The planned BRICS cross-border currency is an important step in challenging the dominance of the U.S. dollar, according to Zhou Yu, director of international finance Research at the Shanghai Academy of Social Sciences, revealed a recent report from China's Global Times.
Zhou states that the recent moves to support local currency settlement have given the BRICS countries a competitive advantage in reducing the dominance of the dollar in international trade.
Iran, Argentina, Saudi Arabia, Turkey, and Egypt are among the potential countries to join and adopt the BRICS currency in 2023.