Cryptocurrencies backed by gold and shares

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News Date: June 12, 2020

Unlike most other cryptocurrencies, YEM is backed by gold and also by 100 000 shares of SafeZone, Inc
Official website: yemfoundation.org/faq
Gold-backed cryptocurrency is a type of crypto stablecoin where each token is backed with physical gold. With the token price pegged to the gold price, there is less price volatility compared to Bitcoin or other altcoins.
A guide to gold-backed cryptocurrency:
goldscape.net
Also, Beijing announces a digital currency backed by gold:
consortiumnews.com

Putin: Western banking system to end

Putin made some startling remarks addressing the VTB investment forum in Moscow on Thursday about the threat to the archaic financial system.
"The Western financial system is becoming outdated because of new technologies and could lose its dominant global position in the near future!
According to experts, in the coming years, this will lead to a revolution that will finally undermine the monopoly of large Western banks."
He also stated that these financial institutions are not in the best condition at this moment.

The Revolution of Common Sense

Donald Trump has declared the start of a transformative era, proclaiming, "The golden age of America begins right now." In his inaugural address, Trump called for a "Revolution of Common Sense," unveiling plans to create the External Revenue Service to simplify taxes and the Department of Government Efficiency to cut waste and improve accountability.
Emphasizing unity, Trump stated, "My proudest legacy will be that of a peacemaker and unifier," with Russia's Vladimir Putin expressing readiness for peaceful relations.
Crediting God for his mission, Trump vowed to "make America great again" and urged citizens to "Never Ever Give Up."
With Joe Biden officially leaving Washington, Trump?s vision of reform and renewal is set to define the next chapter in American history.

BRICS Considers a global Stablecoin

BRICS nations are considering a stablecoin for international trade settlements.
Sergei Ryabkov, Russia's Deputy Foreign Minister, hails this move as groundbreaking.
He also states that BRICS is also exploring a platform for digital payments.
Ryabkov: "BRICS is moving forward, creating an important precedent."
Russia has also hinted at issuing a gold-backed stablecoin.
With member nations amassing gold reserves, the idea gains traction.

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.

Amazing new US Dollar Concept design

A new US dollar concept may finally replace the currency with a modern design that tackles issues with counterfeiting and bill destruction. Designed by Andrey Avgust, this concept features a bold design that modernizes every bill in circulation. The US dollar concept replaces the traditional material with multiple layers of transparent polymer and updates the images to play off the translucent material.
Not only does the US dollar concept revamp the design of the currency, but it also adds extra layers of security. A unique PGP encrypted QR code will be included on every bill making counterfeiting nearly impossible. The polymer construction is also much harder to mimic effectively, as well as being incredibly hard to tear or break.
Source:demilked.com