PayPal, Venmo to Roll Out Crypto Buying and Selling
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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
Rupee-Riyal trade, UPI payment system
India, Saudi Arabia discuss Rupee-Riyal trade, UPI payment system.India and Saudi Arabia have discussed the possibility of starting a rupee-riyal trade as part of efforts to boost economic ties between the nations, the Indian government said in a statement on Monday.
Sources: indiatimes
Gold To Return As Reserve Currency
The global monetary system as you know it is already falling out from beneath your feet.Smart investors should already be pouring money back into silver and gold before global monetary system collapse.
But now, experts like Peter Schiff, chief executive officer of Euro Pacific Capital, are betting on gold to topple the dollarâs long reign and establish itself as the new de facto reserve currency.
Source: www.kitco.com
Russia Proposes SWIFT-like System for BRICS
Russia is advocating for BRICS countries to develop their own financial messaging system, similar to SWIFT, to reduce reliance on Western institutions and boost financial autonomy.Deputy Chairman Alexander Babakov stated this system would allow secure, independent transactions via state-owned banks, support African development, and reduce neocolonial influences.
Integrating with national infrastructures and using advanced cybersecurity, the system would lower transaction costs, speed up capital turnover, and improve liquidity, benefiting international trade.
"The creation of a financial messaging system similar to SWIFT will help create a new economic reality for the BRICS countries," Babakov said.
Source: TASS.
Treasury Secretary: Expect a decline in the dollar as Reserve Currency
Treasury Secretary Janet Yellen Acknowledges Countries' Trend Toward 'Replacing The Dollar'.Expect a gradual decline in the dollar's share of global reserves, according to Yellen.
During a congressional hearing, she was asked about dedollarization, to which she responded with her remarks.
The statements come amid global de-dollarization initiatives being undertaken by a number of nations, including the BRICS economic bloc.
NESARA encoded in executive order
Donald Trump issued Executive Order on Establishing the Presidents Advisory 1776 Commission, on 2nd Nov, the day before the election.Gematria decode of "1776 Commission": Nesara Gesara.
Read More about NESARA executive order in the links. Check it up!
Sources: gesara.news, www.gematrix.org/