Digital Currency Backed by Gold Bill in Texas

Gesara.news » News » Digital Currency Backed by Gold Bill in Texas

Share via:

News Date: April 7, 2023

Texas Lawmakers Introduce Bills to Create Digital Currency Backed by Gold.
The comptroller shall establish a digital currency that is backed by gold so that each unit of the digital currency issued represents a particular fraction of a troy ounce of gold held in trust as provided by this chapter.
Source: capitol.texas.gov

Ripple partner Nium takes on SWIFT

The new solution, which leverages Ripple's blockchain network Ripplenet, claims to lower settlement costs for Financial Institutions by up to 90% for international brokerage account transactions when compared to transactions settled via the SWIFT International Payments Network.
XRP powers NIUM's alternative to swift.
Nium has pointed to three major benefits of its global payments network and new brokerage solution: cost savings of up to 90%, improved customer satisfaction, and increased demand for new partnerships.
Source: financefeeds.com

Gold Standard on Kremlin Desk

Russian president Vladimir Putin is discussing the idea of pegging the Ruble to gold And Commodities.
If approved this would directly link Russia's currency to gold bullion for the first time in more than a century.
Linking the ruble to bullion could give Russia more "sovereignty" over its financial system.
However, the governor of Russia's central bank, Elvira Nabiullina, told reporters the idea was "not being discussed in any way".
Full article: Reuters

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

September 10: EO13848 expiration day

Friday September 10: EO13848 expiration day: Imposing Certain Sanctions in the Event of Foreign Interference in a United States Election.
On September 10, 2020 EO 13848 was EXTENDED FOR ONE YEAR due to the UNUSUAL AND EXTRAORDINARY THREAT TO NATIONAL SECURITY.
President Trump signed USA into a state of National Emergency. We will see what happens in a few days now. The emergency is ending.
Sources: www.federalregister.gov

Discussions on Turkey's entry into BRICS

Kremlin allowed Putin and Erdogan to discuss Turkey's entry into BRICS.
Press Secretary of the President of the Russian Federation Dmitry Peskov admitted that today in Sochi, during a meeting between Vladimir Putin and Recep Taypiy Erdogan, the topic of Turkey's entry into the BRICS may be raised.
'As for the BRICS, it cannot be ruled out,' Peskov said.
Russian President Vladimir Putin at a meeting with his Turkish counterpart expressed the hope that it would be possible to sign a memorandum on the development of trade and economic ties.
Recep Tayyip Erdogan told Putin that they have to open a new page in matters of cooperation.
Putin and Erdogan discussed gas supplies to Turkey, and agreed on partial payment for gas in rubles
Sources: www.mk.ru