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ISO 20022 migration. The Ripple effect strikes the Pound

Gesara.news » News » ISO 20022 migration. The Ripple effect strikes the Pound

News Date: October 14, 2021

Ripple Joins the Digital Pound Foundation: Designing a Path for a CBDC-Forward Future.
Ripple is excited to announce it is joining the Digital Pound Foundation, a non-profit focused on the development and implementation of a digital Pound in the United Kingdom.
ISO 20022 promises greater interoperability between various settlement networks, richer information flows, higher levels of straight-through processing, and more efficient compliance processes.
It signals a significant opportunity for banks to improve operational efficiency and reassess existing business models.
ISO 20022 has already been introduced for high-value payments systems (HVPS) in major countries and is established as the standard in instant payments markets following implementations worldwide.
Sources: ripple.com, www.sibos.com

Russia calls on BRICS for economic integration

Russia calls on BRICS countries for tighter economic integration:
the use of BRICS currencies for export-import,
the integration of payment systems and cards,
their own financial messaging system,
and the creation of an independent BRICS rating agency,
according to Russian Finance Minister Anton Siluanov.
Source: www.reuters.com

Central Bank digital currencies Competition

China CBDC Pilot Program Beats West to the Punch.
Chinas Ministry of Commerce has announced the pilot run of the country's central bank-backed digital currency in major cities, including Beijing, Hong Kong, and Macau.
Bitcoin and Facebooks Libra cryptocurrency may eventually be in competition with central bank digital currencies.
Source:www.securities.io, www.forbes.com

Waller confirmed to Fed Board. WH supports Shelton

By a completely partisan vote of 48 to 47 (though Rand Paul voted against), The Senate confirmed Trump nominee Christopher Waller to the Federal Reserve Board of Governors - filling one of the two vacant slots on the influential economic body.
The White House remains confident that Ms. Shelton will be confirmed and is fully supportive of her candidacy, a White House spokesman said Thursday.
Her beliefs:
- eliminating the Feds independence and federal deposit insurance
- returning the U.S. to a gold standard
Sources: www.forexlive.com, www.zerohedge.com

Scientist Behind The Navy's "UFO Patents" Has Now Filed One For A Compact Fusion Reactor

It is claimed in the patent application that this plasma compression fusion device is capable of producing power in the gigawatt (1 billion watts) to terawatt (1 trillion watts) range and above with input power only in the kilowatt (1,000 watts) to megawatt (1,000,000 watts) range. By comparison, America's largest nuclear power plant, the Palo Verde nuclear power plant in Arizona, generates around 4,000 megawatts (4 gigawatts), and the A1B nuclear reactors designed for the Navy's Gerald R. Ford-class aircraft carriers generate around 700 megawatts. The patent even claims that the device can "possibly lead to ignition plasma burn, that is self-sustained plasma burn without need for external input power."
Source:thedrive.com

Happy New Year and New World!

2020 has been an unpredictable ride through the pandemic, and many more difficulties that had made living life quite hard for people across the globe. But as we near the end of this year, we all should accept the fact that with every passing year, one should leave behind the bad memories and mistakes. So now, as we embrace the upcoming year, 2021, let us all be positive and cheery with shining spirits and aspirations for the future. We should vow to not let the negative times affect us in looking forward to the future and working hard to achieve our dreams and ambitions. So, let us all embrace the new year with much-needed hopes and happiness.
I recorded a video with our 2020 retrospective. Best Regards!
Video: Youtube.com

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