Stellar reveals Financial Inclusion report » News » Stellar reveals Financial Inclusion report

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:

China is closer to the gold standard

Update from November 1st:
China Securities Index Co launched two gold-linked stock indices to cash in on surging demand for exposure to the safe-haven metal.
The new indexes include shares of global gold miners such as Newmont Corporation and Barrick Gold.
In response to Western responses to military conflicts, Chinese government-affiliated researchers are considering several strategies for China.
One is the issuance of gold-denominated bonds, supported by gold reserves, which would bolster economic resilience and establish China as a stable global player.
Another approach involves creating a global network of Chinese companies to diversify trade relationships and reduce vulnerability to sanctions.
Additionally, seizing American assets within China is seen as a retaliatory measure to protect Chinese interests and discourage unilateral actions by the U.S.
These strategies reported through Reuters collectively aim to ensure China's economic stability and global influence in an evolving geopolitical landscape.

Patent for Blockchain-Based Secure-Voting System

Patent US20200258338:
A voting system can use the security of blockchain and the mail to provide a reliable voting system. A registered voter receives a computer readable code in the mail and confirms identity and confirms correct ballot information in an election. The system separates voter identification and votes to ensure vote anonymity, and stores votes on a distributed ledger in a blockchain.

Central banks are buying gold

Central banks are buying gold to protect against the threat of a sovereign debt crisis.
Last week the World Gold Council noted that central banks bought 59 tonnes of gold in June.
For the first half of this year, central banks purchased 270 tonnes of gold.
The WGC noted that central banks bought 180 tonnes of gold in the second quarter.

Russia, China, and India to put in place Nesara and Gesara

Are you ready mentally for Nesara & Gesara ~It has Started ~. This video, explains the current happenings of the Q movement and nesara and gesara that show how both are combined together in order for all of it to coexist. The 3 major pillars in the way are the following 1. Federal Reserve 2. The British Royal Family 3. The Vatican. I explain how all 3 of the major pillars have already been taken apart piece by piece, also how America, Russia, China, and India are the 4 major players trying to put in place Nesara and Gesara.

Gold Rush to Dump U.S Debt

As the world continues down the road of extreme uncertainty, investors and foreign central banks continue to turn to the oldest form of money as a measure of providing some stability, gold.
So far, in 2020, central banks have added a net of 181 tons of gold to their reserves. Gold continues to retain its position of being the most reliable store of value and means of exchange in times of extreme uncertainty. This should explain why several central banks plan on continuing to increase their gold reserves in 2020.

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