Visa Files Patent For Blockchain Digital Fiat Currency

Gesara.news » News » Visa Files Patent For Blockchain Digital Fiat Currency

Share via:

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

Russia plans a digital golden ruble

Russia may allow gold-backed stablecoins under government control according to lawmakers.
The statement comes after Bank of Russia proposed a wide-ranging ban on the use of cryptocurrencies, and their trading and mining.
According to a report by the Central Bank of Russia, the nation's central bank gold holdings surpassed its dollar reserves for the first time in its history, with gold making up 23% of total reserves as of the end of June and dollar assets dropping to 22%.
Source: bitcoin.com

Saudi Arabia wants to join BRICS

South African president says Saudi Arabia wants to join BRICS.
Cyril Ramaphosa revealed this during his two-day state visit to the kingdom on Sunday.
The BRICS nations are going to be meeting in a summit next year under the chairship of South Africa.
And the matter is going to be under consideration.
Sources: insiderpaper.com

Mutual payment systems recognition for Russia and India

Indian banks may start accepting Mir payment cards.
Russia and India are planning to recognize each other's payment systems.
The issue of mutual recognition of RuPay and Mir was discussed during the recent visit of India's National Security Adviser Ajit Doval to Moscow.
Among other things, the possibility of active use of national currencies in bilateral trade was also considered.
Source: tvbrics.com

Vatican entities to move all funds to Vatican ASAP

Pope Francis instructs Vatican entities to move all funds to the Vatican bank by September 30.
Pope Francis has ordered that the Holy See and connected entities move all financial assets to the Institute for Works of Religion (IOR), commonly known as the Vatican bank.
The subject of the transfer are the institutions connected with the Holy See that are holders of financial assets and liquidity, in whatever form they are held.
Source: catholicnewsagency.com

Debt relief for middle-income countries

The President of the UN General Assembly advocates for debt relief for middle-income nations.
Csaba Korosi, president of the UN General Assembly, called for debt relief and fair access to new technology for middle-income nations on Thursday.
He stated at a high-level meeting of the General Assembly on middle-income countries that the 110 middle-income countries, which make up roughly one-third of the global GDP and three-quarters of the world's population, are the main forces behind global development.