Visa Files Patent For Blockchain Digital Fiat Currency

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News Date: May 15, 2020

Visa International has filed for a cryptocurrency system patent that is meant to replace physical currency. The system, which utilizes both central banks and commercial banks, leverages a private blockchain to improve the payment ecosystem. The filing is for a fiat-linked cryptocurrency system using a private distributed ledger technology (DLT).
Source:bitcoin.com

The largest-ever BRICS summit

In October 2024, Russia will host the largest-ever BRICS summit in Kazan, as announced by President Vladimir Putin.
The choice of Kazan underscores Russia's commitment to fostering collaboration among the BRICS nations.
Events will also be held in the well-established BRICS+ format, Putin stated.
The summit aims to address global issues, strengthen diplomatic ties, and explore enhanced cooperation, adding a unique cultural and historical dimension to the proceedings.

The long awaited Gold Standard is here

Zimbabwe will start issuing digital currency next month that is backed by gold.
On May 8, the public will be able to purchase a digital currency backed by gold from Zimbabwe's central bank.
Additionally, RBZ introduced smaller gold coins in weights of tenths of an ounce, quarters of an ounce, and half of an ounce.
The smallest coin weighs just over 3.11 grams and costs US$188.48 or its equivalent in local currency at the interbank rate.

The Quantum Revolution

How Quantum Computing Will Transform Life:
Quantum computing remains a nascent technology, but its potential is already being felt across many sectors.
From healthcare to finance to artificial intelligence, we look at the industries poised to be reshaped by quantum computers.
Quantum computers could help improve by parsing through data more quickly, running better forecasting models, and more accurate weighing conflicting possibilities.
They could also help solve complex optimization problems related to tasks like portfolio risk optimization and fraud detection.
Sources: www.cbinsights.com

XRP the Ripple force in the Federal Reserve projects

Fed Faster Payments Task Force gives Ripple vote of confidence for next gen of global payments.
Ripple's Executive Elected to Fed's Faster payments Task Force.
The desired outcomes focused on speed, security, efficiency, cross border payments, and industry collaboration.
Source:ripple.com

Antiwar Measures From NDAA

The House version of the 2020 National Defense Authorization Act (NDAA) set aside an irresponsibly large amount of money for military spending, but it also added some antiwar amendments and other very basic limitations. The House and Senate versions have now been reconciled into a final bill, and materially all of the limitations that the House voted on and approved.
Source:www.activistpost.com