Several countries have conducted pilot programs for their Central Bank Digital Coins. The US is in process of completing their digital dollar while China and India have gone so far as to bring their pilot tests all the way from cross border transactions to the private sector.
Test procedures include the movement of currency between central banks, domestic commercial banks, cross border payments between commercial banks, and cross border foreign exchange between commercial banks.
The next step is to expand these tests to use cases, designs, and other features. This is where digital coins find their real values. And, putting a price on a digital currencies' demand and use case becomes possible.
Simply put, a use case scenario happens when a digital system receives an external request and responds to it.
© Goldilocks
https://blockonomi.com/can-the-us-catch-up-with-global-cbdc-projects/
Test procedures include the movement of currency between central banks, domestic commercial banks, cross border payments between commercial banks, and cross border foreign exchange between commercial banks.
The next step is to expand these tests to use cases, designs, and other features. This is where digital coins find their real values. And, putting a price on a digital currencies' demand and use case becomes possible.
Simply put, a use case scenario happens when a digital system receives an external request and responds to it.
© Goldilocks
https://blockonomi.com/can-the-us-catch-up-with-global-cbdc-projects/
Blockonomi
Can the US Catch Up With Global CBDC Projects?
2022 kicked off with a wave of CBDCs as a number of national pilots came on the scene. The United States appeared to fall behind,
"Japan-based fintech Smartpay has launched Smartpay Bank Direct, the country’s first digital consumer finance service that allows customers to pay for online installment purchases straight from their bank accounts. Smartpay Bank Direct emphasizes user security while delivering convenience for the consumer, through a network of 67 partner banks across Japan[1]. Smartpay is Japan’s first digital consumer finance company to utilize Japan’s open banking system."
This is a great example of a use case scenario we need to start seeing utilized in the banking system. SmartPay is allowing purchases to be transacted securely from a banking system to a merchant by means of digital processing.
Although this is not a new technology, we need to see the banking system connect their versions (digital coins) inside a QFS digital economy.
© Goldilocks
https://ffnews.com/newsarticle/japanese-fintech-leader-smartpay-first-to-launch-the-next-phase-of-digital-consumer-finance-through-open-banking/
This is a great example of a use case scenario we need to start seeing utilized in the banking system. SmartPay is allowing purchases to be transacted securely from a banking system to a merchant by means of digital processing.
Although this is not a new technology, we need to see the banking system connect their versions (digital coins) inside a QFS digital economy.
© Goldilocks
https://ffnews.com/newsarticle/japanese-fintech-leader-smartpay-first-to-launch-the-next-phase-of-digital-consumer-finance-through-open-banking/
smartpay.co
Pay Later payment solution Smartpay | The digital future you want
The future of payment is here. The first and only digital debit service that offers real-time bank direct payment.
☝️Hello Sovereign Gold Bonds.
1_4967804314106987315.pdf
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The US 10 year yield DROPPED substantially in early trade (some entity is buying HUGE amounts of debt). This action in turn has caused the MMRI to FREEFALL now sitting at 232.
Moreover, stocks are markedly higher nearly across the board.
© Gregory Mannarino
Financial Expert With A Global Following.
Moreover, stocks are markedly higher nearly across the board.
© Gregory Mannarino
Financial Expert With A Global Following.
MarketWatch
TMUBMUSD10Y | U.S. 10 Year Treasury Note Overview | MarketWatch
TMUBMUSD10Y | A complete U.S. 10 Year Treasury Note bond overview by MarketWatch. View the latest bond prices, bond market news and bond rates.
Forwarded from Breakfast with Tiffany
Dinar Recaps
MarkZ and Michael Cottrell Friday Morning Chat 1-6-2023 — Dinar Recaps
Thank you MarkZ for all your time, and encouragement daily….. PDK MarkZ Friday Update- Some highlights by PDK-Not verbatim MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its…
Forwarded from TifaniesweT 🇨🇭
Banks concerned USDC stablecoin will become ‘backdoor CBDC’ with BlackRock help
https://www.ledgerinsights.com/usdc-stablecoin-backdoor-cbdc-blackrock-help/
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https://www.ledgerinsights.com/usdc-stablecoin-backdoor-cbdc-blackrock-help/
⬇️⬇️
Forwarded from TifaniesweT 🇨🇭
ZeroHedge
Citadel Posts Record $35.5 Billion In Revenue For Hedge Fund, Securities Operations
Citadel's flagship Wellington fund posted an impressive 38.1% return while all of Citadel’s five strategies - fixed income and macro, commodities, equities, quant and credit - were profitable for the year.
Forwarded from TifaniesweT 🇨🇭
Slovenia's c-bank expands FX reserves by 17% in 2022
https://seenews.com/news/slovenias-c-bank-expands-fx-reserves-by-17-in-2022-810504
https://seenews.com/news/slovenias-c-bank-expands-fx-reserves-by-17-in-2022-810504
Seenews
Slovenia's c-bank expands FX reserves by 17% in 2022
The foreign exchange (FX) reserves held by Slovenia's central bank amounted to 757.2 million euro ($796.0 million) at the end of 2022, up by 111.5 million euro, or 17.3%, compared to December 2021, t
Forwarded from TifaniesweT 🇨🇭
For the first time in 40 years, inflation has spiked in developed markets, reaching double digits in many countries.
Calls for a return to a gold standard are getting louder.
The list of supporters includes names such as former US president Donald Trump, the American Institute for Economic Research, and US politician Ron Paul.
In 2022, US Congressman Alexander Mooney went as far as introducing a bill to “define the dollar as a fixed weight of gold”.
https://www.fairobserver.com/economics/is-the-gold-standard-now-alive-or-dead/
Calls for a return to a gold standard are getting louder.
The list of supporters includes names such as former US president Donald Trump, the American Institute for Economic Research, and US politician Ron Paul.
In 2022, US Congressman Alexander Mooney went as far as introducing a bill to “define the dollar as a fixed weight of gold”.
https://www.fairobserver.com/economics/is-the-gold-standard-now-alive-or-dead/
Forwarded from TifaniesweT 🇨🇭
China's central bank makes record weekly cash withdrawal
https://finance.yahoo.com/news/chinas-central-bank-makes-record-014000949.html
https://finance.yahoo.com/news/chinas-central-bank-makes-record-014000949.html
Yahoo
China's central bank makes record weekly cash withdrawal
China's central bank has made its biggest weekly cash withdrawal on record through a short-term bond instrument, as cash conditions loosened at the start of the year. The People's Bank of China in a statement said it injected 2 billion yuan ($290.70 million)…
Forwarded from TifaniesweT 🇨🇭
Europe’s Coming Bond Avalanche Will Test the ECB - The Washington Post
The 10 largest euro nations are expected to sell some €1.3 trillion ($1.38 trillion) of sovereign bonds this year. A little over half of that will be new money, after allowing for maturing debt. It’s a scarily large jump in net new supply of around €340 billion, according to analysts at NatWest Group Plc. Adding to the pressure, the ECB’s quantitative tightening process starting in March will add at least an extra €150 billion of bonds markets will need to absorb this year.
https://www.washingtonpost.com/business/europes-coming-bond-avalanche-will-test-the-ecb/2023/01/06/2ad82ad2-8d88-11ed-b86a-2e3a77336b8e_story.html
The 10 largest euro nations are expected to sell some €1.3 trillion ($1.38 trillion) of sovereign bonds this year. A little over half of that will be new money, after allowing for maturing debt. It’s a scarily large jump in net new supply of around €340 billion, according to analysts at NatWest Group Plc. Adding to the pressure, the ECB’s quantitative tightening process starting in March will add at least an extra €150 billion of bonds markets will need to absorb this year.
https://www.washingtonpost.com/business/europes-coming-bond-avalanche-will-test-the-ecb/2023/01/06/2ad82ad2-8d88-11ed-b86a-2e3a77336b8e_story.html
Forwarded from The Yorkshire Lass
Harry wanted Diana inquiry reopened and once believed she faked her own death👀💥
The Duke of Sussex once believed his mother faked her own death to escape the press, and has told how he wanted the inquiry into her fatal car crash to be reopened.
Harry also says, in his controversial memoir Spare, that both he and his brother the Prince of wales “were talked out” of calling for a reinvestigation of her death “by the powers that be”.
“Her life’s been miserable, she’s been hounded, harassed, lied about, lied to. So she’s staged an accident as a diversion and run away,” Harry wrote.
https://www.independent.co.uk/news/uk/diana-paris-prince-of-wales-page-balmoral-b2257452.html?amp
The Duke of Sussex once believed his mother faked her own death to escape the press, and has told how he wanted the inquiry into her fatal car crash to be reopened.
Harry also says, in his controversial memoir Spare, that both he and his brother the Prince of wales “were talked out” of calling for a reinvestigation of her death “by the powers that be”.
“Her life’s been miserable, she’s been hounded, harassed, lied about, lied to. So she’s staged an accident as a diversion and run away,” Harry wrote.
https://www.independent.co.uk/news/uk/diana-paris-prince-of-wales-page-balmoral-b2257452.html?amp
The Independent
Harry wanted Diana inquiry reopened and once believed she faked her own death
The duke said he and William were talked out of calling for a reopening of the inquiry by the ‘powers that be’.