Trump: Wonderful future lies ahead

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News Date: November 25, 2021

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

HSBC introduces tokenized gold platform

HSBC is the First Bank in the World to Offer Tokenized Gold.
HSBC Holdings Plc, a major bullion bank, has introduced a platform that utilizes blockchain technology to tokenize ownership of gold stored in its London vault.
This platform generates digital tokens representing gold bars, making gold trading more accessible.
While initially targeting institutional investors, it plans to open up to retail investors where regulations allow.
HSBC's entry into the tokenized gold market is notable due to its significant role as a custodian of precious metals and a clearer on the London gold market.
The technology promises to streamline the process, allowing clients to easily track their gold ownership down to the serial number of each bar.
HSBC has been actively exploring blockchain technology and recently launched HSBC Orion, a tokenization platform for digital bonds, with successful applications in the market.

BRICS trade has grown remarkably

The BRICS group witnessed a remarkable surge in their trade activities over the five-year period from 2017 to 2022.
According to a report by Bloomberg, these nations collectively bolstered their economic ties and achieved a staggering 56% growth in their trade volumes during this period.
This significant increase underscores the growing economic significance of this influential bloc on the global stage.
In the year 2022, the combined trade turnover among the BRICS nations reached an impressive milestone, amounting to a staggering $422 billion.
This substantial figure demonstrates the remarkable economic prowess and potential of the BRICS group, solidifying its status as a major player in the international trade landscape.
In a recent statement, Russian President Vladimir Putin argued that the BRICS group has already surpassed the G7 nations in terms of the purchasing power parity (PPP) of their populations.
This claim highlights the rising economic strength and consumer power of BRICS countries, potentially reshaping the global economic landscape and challenging the traditionally dominant position of the G7.

The digital ruble test will begin in August

Update as of 24 July: Putin signed a law to introduce the digital ruble, which will take effect on August 1.
Interesting timing, think August, it's going to be absolutely epic!
According to the central bank, Russia will begin testing a digital version of its rouble currency with consumers in August, according to a report published on Tuesday by the Interfax news agency.
Russia has been creating digital currency over the past few years, as have many other nations, in an effort to modernize their financial systems and fend off cryptocurrencies.
August is also the month BRICS plans to introduce a new gold-backed trading currency at the Johannesburg summit.

Turkey seeks to become full SCO member

Turkey's Erdogan targets joining Shanghai Cooperation Organization, media reports say.
'Now our next process will be steps towards this end. This is our goal,'
he said in reply to a journalist's question whether Turkey was considering the possibility of becoming a member of the SCO.
Source: reuters.com

Stellar reveals Financial Inclusion report

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