Russia, Iran to develop alternative to SWIFT

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News Date: March 24, 2022

Russia and Iran have been cooperating to connect their interbank messaging systems in order to bypass the SWIFT financial transactions network, Kazem Jalali, Ambassador of Iran to Russia, said on Thursday.
SWIFT is a messaging network that financial institutions use to securely transmit information and instructions through a standardized system of codes.
Both countries are facing severe Western sanctions, making settlements in trade through SWIFT difficult or impossible.
Source: www.siasat.com

We are Headed to a Global Financial Reset

Pull your money out of The Banks, As we are headed for a Global Financial Reset.
The federal reserve is nothing but a loan shark for the deficit spending government.
It's the government's fault for all this monetary mess, not the bankers.
They're just profiting from the control of money creation and all assets traded in the stock, bond, and commodity markets.
Get out of the casino and get into silver hoarding or use your dollars to buy real hard assets like farmland , real estate and gold.
It's the only safe plan in preparation for the coming dollar collapse.
Expect a trigger event in the coming months for a global re-set.
Deutsche Bank is rumored to be already declared bankrupt.
The banks don't trust each other or are out for themselves like JP Morgan, or are failing like Deutsche Bank.
Source: youtube.com

PayPal, Venmo to Roll Out Crypto Buying and Selling

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

Putin urges for an international independent Digital Payment System

Vladimir Putin Urges for Creation of a Digital Payment System for International Settlements.
President of Russia Vladimir Putin has called for the establishment of a new system for international settlements, independent from banks and third-party interference.
It can be created using digital currency technologies and distributed ledgers, the Russian leader said, quoted by local media.
Sources: news.bitcoin

National coin shortage

US is experiencing a national coin shortage in several states as an excuse to COVID-19 pandemic.
Also, The Federal Reserve ordered 34 major US banks to suspend share buybacks in the third quarter and limit dividend payments to shareholders.
Source:twitter.com

Russia, Iran to develop alternative to SWIFT

Russia and Iran have been cooperating to connect their interbank messaging systems in order to bypass the SWIFT financial transactions network, Kazem Jalali, Ambassador of Iran to Russia, said on Thursday.
SWIFT is a messaging network that financial institutions use to securely transmit information and instructions through a standardized system of codes.
Both countries are facing severe Western sanctions, making settlements in trade through SWIFT difficult or impossible.
Source: www.siasat.com