Stellar reveals Financial Inclusion report

Gesara.news » News » Stellar reveals Financial Inclusion report

Share via:

News Date: January 10, 2024

Stellar Development Foundation (SDF) released a whitepaper discussing the role of blockchain technology in facilitating financial inclusion.
The whitepaper underscores the significance of financial services access for global financial inclusion, particularly in developing economies.
Despite advancements in digital payments, cash remains prevalent in emerging economies. Many unbanked adults still receive government and private-sector payments in cash, impacting financial inclusion.
It emphasizes digital payments as a pivotal entry point to formal economic participation. Despite the persistence of cash usage, transitioning to digital payments can encourage broader use of financial services.
The paper delves into the hurdles of cross-border payments and highlights blockchain's potential to address these challenges. It showcases blockchain's role in enabling secure, cost-effective transactions.
Additionally, it presents various applications of blockchain, such as facilitating cash-to-digital asset conversions, safeguarding against currency devaluation, and supporting humanitarian aid distribution.
While recognizing blockchain's promise for financial inclusion, the document emphasizes the necessity of balancing innovation with consumer protection, privacy, and financial education to ensure the creation of inclusive and secure financial systems.
Full report: stellar.org

The Birth of a New Currency by Ron Paul

Ron Paul was the leading champion of sound money in all his years while in the United States Congress. Here he explains why sound money has meant the gold standard. Paul maps out a plan to bring about a dollar that would be protected against manipulation by government and central bankers. This monograph first appeared in 1981, and it has been in wide distribution ever since.
Source: www.youtube.com

GESARA hints in Trumps speech at UN General Assembly

Remarks by President Trump to the 75th Session of the United Nations General Assembly:
We will enter a new era of unprecedented prosperity, cooperation, and peace.
For decades, the same tired voices proposed the same failed solutions, pursuing global ambitions at the expense of their own people. But only when you take care of your own citizens will you find a true basis for cooperation. As President, I have rejected the failed approaches of the past, and I am proudly putting America first, just as you should be putting your countries first.
I am supremely confident that next year, when we gather in person, we will be in the midst of one of the greatest years in our history - and frankly, hopefully, in the history of the world. Thank you. God bless you all. God bless America. And God bless the United Nations.
Sources:www.whitehouse.gov, twitter.com/realDonaldTrump

The Art of the Deal for Prosperity

Stocks soar as President Donald Trump announces a 90-day pause on tariffs, putting the operation on hold-perhaps a master test in play-while simultaneously raising the tariff rate for China to 125%, effective immediately.
Trump signaled his intent to help the world ahead of the move, declaring on social media: 'This is a great time to buy!' - DJT.
Trump acted as one of the greatest market influencers of our time, with a move that suggests genuine intent to benefit the world. His actions reflect a clear concern for the well-being of the people.
President Trump: China "wants to make a deal" and is in the process of "figuring it out."
Trump orchestrated this operation to test his partners and see who he can truly rely on under the pressure of trade negotiations.
Bill Ackman: 'tariffs' move "brilliantly executed," as in the "textbook, Art of the Deal".

New Defense Secretary on quick removal of US troops in Afghanistan

New acting Defense Secretary Christopher Miller has hired a senior adviser that has frequently pressed for the quick removal of U.S. troops in Afghanistan, the Defense Department confirmed on Wednesday.
Sources: thehill.com

China trials cross-border settlement involving CBDC

China trials cross-border settlement involving cenbank digital currencies.
The bridge test was developed by the Bank for International Settlements.
A central bank digital currency trial focused on cross-border transactions has been completed, BIS said, with Chinese state-owned banks participating as Beijing tries to internationalize its digital yuan.
Sources: reuters