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Mastercard, Citi, Wells Fargo And Others Join New York Fed On Digital Dollar Pilot
Benzinga ^ | November 15, 2022 | Murtuza Merchant

Posted on 11/15/2022 12:58:38 PM PST by John W

Major international banks are teaming up with the New York Federal Reserve for a 12-week digital dollar pilot that will attempt to quantify the impact of digital dollar tokens and how their presence in a common database can help speed up payments.

Along with payments major Mastercard (NYSE:MA), participating institutions include Citigroup (NYSE:C), HSBC (NYSE:HSBC), BNY Mellon (NYSE:BK), and Wells Fargo (NYSE:WFC).

The regulated liability network, or RLN, is a platform that banks can use to issue tokens that reflect customer deposits that are settled on a central bank reserve on a shared distributed ledger.

The 12-week proof-of-concept pilot program will investigate the application of this platform.

(Excerpt) Read more at benzinga.com ...


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1 posted on 11/15/2022 12:58:38 PM PST by John W
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To: John W
Major international banks are teaming up with the New York Federal Reserve for a 12-week digital dollar pilot that will attempt to quantify the impact of digital dollar tokens and how their presence in a common database can help speed up payments. track citizens every move
2 posted on 11/15/2022 1:06:36 PM PST by Pollard (Worm & GMO Free - some call us purebloods)
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To: John W

” common database can help speed up payments.”

BS.


3 posted on 11/15/2022 1:10:25 PM PST by max americana (Fired leftards at work since 2008 at every election just to see them cry. I hate them all.)
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To: John W

More fake Money to compete with our Fake Dollar!


4 posted on 11/15/2022 1:13:31 PM PST by eyeamok (founded in cynicism, wrapped in sarcasm)
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To: John W

The RLN will be the new FTX to have dollars siphoned to the Dims.


5 posted on 11/15/2022 1:38:35 PM PST by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: John W

“We will own everything and you will own nothing.”


6 posted on 11/15/2022 1:39:46 PM PST by E. Pluribus Unum (The worst thing about censorship is ████ █ ██████ ███████ ███ ██████ ██ ████████.)
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To: John W

Another Klaus Schwab scam


7 posted on 11/15/2022 1:42:21 PM PST by butlerweave
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To: John W

and when the internet is down you’ll be screwed


8 posted on 11/15/2022 1:43:33 PM PST by butlerweave
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To: John W

With consistently stolen elections, the government (and the shadow government) can proceed without concern to the final steps of our enslavement. Digital Dollar is key to our demise.


9 posted on 11/15/2022 1:46:06 PM PST by rigelkentaurus
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To: John W

Surprise, surprise, surprise!


10 posted on 11/15/2022 2:11:01 PM PST by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
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To: John W

Sounds like a bunch of companies afraid that block chain transactions would interfere with them getting a couple percent on every transaction, so they have to create a “better” BitCon to keep up the skim.


11 posted on 11/15/2022 2:45:35 PM PST by KarlInOhio (Soon the January 6 protesters will be held (without trial or bail) longer than Jefferson Davis was.)
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To: butlerweave

My old debit card went down for a period of time, and was very fortunate to have cash on me.

That experience let me know that we are in big trouble if we go to a cashless society - they can control whomever they want. Flick of the switch, and you can no longer buy or sell.


12 posted on 11/15/2022 2:53:17 PM PST by scott7278 (Those who beat their swords into plowshares usually end up plowing for those who kept their swords.)
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To: John W

Only fools don’t see that this is all about bringing in the cashless society. This is a big first step.


13 posted on 11/15/2022 4:48:29 PM PST by Revel
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To: John W

Now that the midterms are over, and the forces of evil (Uniparty) won, they are now moving to consolidate their gains. Would not be surprised to see the use of cash outlawed in 2023.


14 posted on 11/15/2022 5:16:24 PM PST by backwoods-engineer (Hold on, y'all, 2023 is going to be a ride you won't soon forget!)
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To: butlerweave

One EMP or a good solar storm would make things interesting


15 posted on 11/15/2022 6:12:12 PM PST by Keyhopper (Indians had bad immigration laws)
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To: John W
During the height of the Scamdemic they announced they would be bringing this in. It has all been a well played out plan.

5/2020

“Mastercard Becomes a Member of ID2020 Blockchain Alliance”

https://crypto.news/mastercard-id2020-blockchain-alliance/

16 posted on 11/17/2022 7:42:01 AM PST by 444Flyer (John 3, Revelation 20, Joshua 24:15, 1 Kings 18:16-39, Pick a side...)
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To: John W

“Microsoft, the ID2020 Alliance, universal digital identification and you”

August 12, 2020

“Last year Microsoft joined ID2020, a global Alliance whose goal is to create universal digital identities for everyone. What are the social, economic and ethical implications of such an initiative?”

https://www.windowscentral.com/microsoft-universal-digital-identification-and-you


17 posted on 11/17/2022 7:49:29 AM PST by 444Flyer (John 3, Revelation 20, Joshua 24:15, 1 Kings 18:16-39, Pick a side...)
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To: 444Flyer

Very true!


18 posted on 11/17/2022 6:29:26 PM PST by John W (W)
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To: John W
They will be able to turn off your money and shut you out of the system with the press of a button. They are already canceling anyone who stands against their Great Reset (NWO) roll out which is centered around CBDC and total control of people's finances.

First the Canadian truckers and now this:

11/17/22

“UPDATE: Far Left Brazilian Supreme Court Orders Banks to Block Funds of Businessmen Who Supported the Protesters in Mass Democracy Rallies – PROTESTERS STAND STRONG!”

https://www.thegatewaypundit.com/2022/11/update-far-left-brazilian-supreme-court-orders-banks-seize-assets-millions-protesters-participating-mass-democracy-rallies-protesters-stand-strong/

19 posted on 11/18/2022 9:19:27 AM PST by 444Flyer (John 3, Revelation 20, Joshua 24:15, 1 Kings 18:16-39, Pick a side...)
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To: John W

Imagine a world run by the CBDC system...

15 minute short film.

(Some strong language...)

“A man lives in a society where citizens police each other with their mobile phones. | Utopia”

https://www.bing.com/videos/search?q=omeleto&docid=608052092354316372&mid=062EE0034D1BFC5656CD062EE0034D1BFC5656CD&view=detail&FORM=VIRE


20 posted on 11/18/2022 9:24:50 AM PST by 444Flyer (John 3, Revelation 20, Joshua 24:15, 1 Kings 18:16-39, Pick a side...)
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