Goldilocks "MultiCurrency Accounts and Digital Platforms" Sunday 4-30-2023
Goldilocks and Seeds of Wisdom
Thank you RJ
RJ: Good morning Dinar Recaps,
Goldilocks posted explanatory comments with links this
morning:
Europe is showing us their new project. After completing digital regulation procedures, they are now implementing their wholesale settlement process through digital ledger transmissions.
Wholesale settlement is the actual transfer of
funds between Banks or Central Banks.
This digital process along with digital protocols and
mechanisms to secure both sides of a trade through artificial intelligence is
now going live in Europe.
© Goldilocks
Ledger Insights LINK
FedNow Service LINK
Alchemy
Pay is a digital payment platform.
It's purpose is to make crypto currency
payments easier for the general public.
It is designed to bridge fiat currency exchanges with the
digital economy.
"Recently, Bank Indonesia granted licenses to Alchemy
Pay and PT Berkah Digital Pembayaran (BDPay) to operate their money transfer
and remittance businesses."
© Goldilocks
Indian Rupee Alchemy Pay LINK
What is Alchemy Pay LINK
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The House Financial Services Subcommittee is currently
examining stablecoins' role in the new digital asset-based payment system.
And, they are working on proposed legislation that will
enable federal protocols in issuing stablecoins.
These digital currency reforms are beginning to reach an
implementation status that will allow them to become law.
© Goldilocks
JDSUPRA LINK
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Standard Charter is allowing people to apply
for new multi-currency accounts that can be utilized on a debit card.
This multi-currency debit card allows you to hold several
foreign currency accounts that can be utilized for payments.
You can order this card by June 30th with the ability to
make transactions by July 31st.
I could not find an article on it, but I did find two
promotional pieces. This article is to inform and not to recommend. Do your own
research.
The world is going digital at a very rapid pace now.
