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XRP the Ripple force in the Federal Reserve projects

Gesara.news » News » XRP the Ripple force in the Federal Reserve projects

News Date: May 7, 2020

Fed Faster Payments Task Force gives Ripple vote of confidence for next gen of global payments.
Ripple's Executive Elected to Fed's Faster payments Task Force.
The desired outcomes focused on speed, security, efficiency, cross border payments, and industry collaboration.
Source:ripple.com

FedNow alongside private sector Service

Fed announces details of the FedNow interbank service.
The FedNow Service will be available to banks in the United States and will enable individuals and businesses to send instant payments any time of day, any day of the year through their bank accounts.
The target launch date for the service remains 2023 or 2024, with a more specific time frame to be announced after additional work is completed.
The FedNow Service, alongside similar services provided by the private sector, will modernize the U.S. payment system and bring the benefits of instant payments broadly to communities across the country.
Sources:www.federalreserve.gov

Millions back to UK taxpayer

Graham Smith, the CEO of Republic, told Express.co.uk that the Queen and Prince of Wales are two of the most expensive members of the Royal Family. Republic is an organisation that campaigns for the abolishment of the monarchy and for Queen Elizabeth II to be replaced by an independent, democratic Head of State.
Queen and Charles ordered to pay back millions to UK taxpayer amid fury over monarchy cost.
Sources:www.express.co.uk

A new gold standard is coming

Excessive monetary stimulus, a by-product of an undisciplined fiat money system, will create problems for our economy as well as financial distortions, and the long-term solution is to move away from this system and re-adopt a gold standard.
There are a lot of financial bubbles, there are excessive debt levels, inequality is rising, you have got moral hazards, all these side effects of a fiat money standard are not really what we want, and eventually we get a lot of monetary instability and I think then at that point we have to get back to a gold standard.
Sources: www.silverdoctors.com, www.youtube.com

Australia closer to a cashless society

Australia's big four banks remove thousands of ATMs and shut down hundreds of branches as the coronavirus crisis pushes nation closer to a cashless society.
Sources:www.dailymail.co.uk, www.atmmarketplace.com

Dollar crash, Global Currency Reset, Gold standard

Analysts think the Chinese and Russian could reenter the gold market next year, ramping up demand.
Central bank gold-buying is expected to ramp up again in 2021 with Russia and China possibly entering back into the market. Citigroup and HSBC Securities both expect an increase in central bank gold purchases next year after a drop-off in 2020.
China stockpiling gold will devastate the US dollar.
Yale Economist Warns Of Looming Dollar Collapse, And this is going to usher in a real economic crisis in America, unlike something we have ever seen.
The world is about to Return To The Gold Standard by the Global Currency Reset.
Sources:www.youtube.com, www.zerohedge.com, schiffgold.com

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