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PayPal, Venmo to Roll Out Crypto Buying and Selling

Gesara.news » News » PayPal, Venmo to Roll Out Crypto Buying and Selling

News Date: June 23, 2020

Fintech giant PayPal plans to roll out direct sales of cryptocurrency to its 325 million users, according to three people familiar with the matter.
Currently, PayPal can be used as an alternative means for withdrawing funds from exchanges such as Coinbase, but this would be a first in terms of offering direct sales of crypto.
Source:coindesk.com

What is Quantum Internet

Traditional computer data is coded in either zeros or ones. Quantum information is superimposed in both zeros and ones simultaneously.
The quantum internet is a network that will let quantum devices exchange some information within an environment that harnesses the odd laws of quantum mechanics.
In theory, this would lend the quantum internet unprecedented capabilities that are impossible to carry out with current web applications.
Sources: trevorwinchell.com

Fiat destruction. Crypto or gold?

The world stands on the threshold of monetary hyperinflation with the US dollar leading the way. The final months of fiat money are coming into view.
The final solution is bound to be with central banks and government treasury departments retaining their control as issuers of money by the only means at their disposal: deploying their gold reserves to back their currencies, not as fiat, but as credible gold substitutes.
The crypto cohort is likely to have an important effect, in that it sparks an early realization in a growing part of the wider population about what government is doing with money. That is likely to speed up the collapse of fiat currencies compared to what would otherwise occur.
The flexibility in the supply of monetary gold and the stability of prices allows the original rate of interest to be both low and stable. It allows entrepreneurs to do business calculations with a high degree of certainty, knowing in terms of goods the value of money. And savers, who provide the monetary capital for future production can be confident of the future capital value of their savings when lending them for business investment purposes.
Sources: kingworldnews.com, www.zerohedge.com

SpaceX Developing Military Version Of Starlink Satellites

Elon Musk's SpaceX is expanding its Starlink satellite technology into military applications with a new business line called Starshield.
"While Starlink is designed for consumer and commercial use, Starshield is designed for government use," the company wrote on its website.
SpaceX's ongoing work with the Department of Defense and other partners demonstrates our ability to provide in-space and on-ground capability at scale.
Sources: theepochtimes

Quantum information science to change the world

Trump administration establishes $75 million quantum computing centers.
Trump: Quantum information science has the potential to change the world. But to realize that potential, we must first answer some fundamental research questions.
The White House Office of Science and Technology Policy and the National Science Foundation (NSF) announced Tuesday the establishment of three quantum computing centers across the nation, involving an investment of $75 million.
The establishment of the centers stems from a provision in the National Quantum Initiative Act: www.congress.gov
Source:thehill.com

What is Sound Money? Monetary reset

A somewhat polemical term for a currency backed by a tangible commodity such as gold, silver or platinum. Sound money has an intrinsic value, but is more susceptible to deflation than fiat money. Many countries used sound money throughout most of their histories; however, most countries today use fiat money and have since the United States left the Bretton Woods System in the 1970s. The term "sound money" is often used by those who favor its reintroduction. The more common term is hard money.
Given the current fiat money system is on a path towards its own destruction it is not surprising that there has been increasing talk of a monetary reset.
Sources:www.goldmoney.com, thefreedictionary.com

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