Russia is promoting its SWIFT-like system

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News Date: February 10, 2024

Russia's SWIFT alternative is expanding quickly according to the country's central bank governor, Elvira Nabiullina statement:
"Russia has a System for Transmitting Financial Messages (SPFS), which is an alternative to SWIFT.
Similar infrastructure exists in some other countries.
We are holding discussions on the interaction of such platforms, but here the interest and technical readiness of our partners are important.
159 foreign participants from 20 countries have already joined the Russian system." SPFS - Sistema peredachi finansovykh soobscheniy;
SWIFT - The Society for Worldwide Interbank Financial Telecommunication (Headquarters: La Hulpe, Belgium);
SPFS and SWIFT are global financial messaging systems.
Financial messaging involves using messaging channels to exchange crucial financial information, from account updates to fraud alerts.
The Chinese alternative is named: The Cross-Border Interbank Payment System (CIPS).

Quantum Space Force

The use of quantum computing, communication, and control could profoundly tip the scales in this next chapter of the space race.
Quantum encryption presents the most enticing hope of a massive security advantage with regard to satellites in space, allowing for the highest level of security possible.
The use of quantum encryption would theoretically prevent hackers from cracking codes and other forms of espionage, military or otherwise. Quantum computing could allow for an exponential military advantage in space.
Satellites equipped with quantum capabilities would enable offensive tactics like surveillance and reconnaissance to be done with greater speed, accuracy, and security than ever before.
Source: projectqsydney.com

Digital ruble in cooperation with the UAE

The Bank of Russia, led by First Deputy Governor Olga Skorobogatova, is collaborating with the UAE regulator to establish a cutting-edge system for fast payments and settlements.
This initiative, announced at the Finopolis forum, aims to utilize the digital ruble to streamline financial transactions for both individuals and businesses.
The partnership signifies a commitment to financial innovation and positions these institutions at the forefront of the evolving digital landscape.
The digital ruble is expected to enhance transaction efficiency, fostering financial inclusivity and exemplifying a proactive approach to the future of finance.
"We will work out the fast payment system because the colleagues are ready with the digital ruble and we are ready.
If we solve the issue of client identification, then I think we will be able to build up a normal system of payments for citizens and the business between the two our countries in a year at the least," she stated.

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

Precious Metals as Money Moving Forward

Sound Money Bills Moving Forward Rapidly in Many States.
First, as to repealing precious metals sales taxes, bills in Mississippi and Kentucky are moving forward quickly.
Other full sales tax repeal bills are pending in Maine, Wisconsin, and Vermont - while Minnesota and Alaska are considering an expansion of their existing sales tax exemptions.
Efforts are underway in Iowa, South Carolina, Kansas, and Missouri to remove the state income taxes on the sale of gold and silver.
Meanwhile, several states are considering bills that prompt the establishment of a gold reserve.
(moneymetals.com)

Trump: Wonderful future lies ahead

President Donald Trump issued a Thanksgiving Day message:
A very interesting time in our Country, but do not worry, we will be great again-and we will all do it together.
America will never fail, and we will never allow it to go in the wrong direction.
Too many generations of greatness are counting on us.
Enjoy your Thanksgiving knowing that a wonderful future lies ahead!
Source: t.me/real_DonaldJTrump