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 ...
” common database can help speed up payments.”
BS.
More fake Money to compete with our Fake Dollar!
The RLN will be the new FTX to have dollars siphoned to the Dims.
“We will own everything and you will own nothing.”
Another Klaus Schwab scam
and when the internet is down you’ll be screwed
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.
Surprise, surprise, surprise!
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.
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.
Only fools don’t see that this is all about bringing in the cashless society. This is a big first step.
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.
One EMP or a good solar storm would make things interesting
5/2020
“Mastercard Becomes a Member of ID2020 Blockchain Alliance”
“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
Very true!
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!”
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”
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