Goldilocks’ Comments and Global Economic News Sunday AM 12-31-23
Good Morning
“NPCI launches ASBA-like facility for secondary market”
The National Payments Corporation of India will begin it’s beta testing of their new foreign currency exchange mechanism and more in their Secondary Market on January 1st, 2024.
This means that the actual transaction will only be completed when confirmation on both sides of a trade are confirmed. T+1 settlement processing will take place all in one day.
Only a select few countries have been chosen to test this Secondary Market. The US, Indonesia, Iraq, Vietnam, and a few other countries will be processing their new local currencies on this new digital payment system.
This new digital payment settlement mechanism will support the following:
* key stakeholders
* clearing corporations
* stock exchanges
* depositories
* stockbrokers
* banks
* UPI app providers
* And much more…
Now, we are expanding and testing the new system with several countries in January 2024.
© Goldilocks
Inc42 Link
Live Mint Link
Investopedia Link
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JPMorgan Chase Issues Economic Alert As 2024 Arrives, Warns Market Declines and Volatility Incoming: Report The Daily Hodl
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SEC may notify approved ETF issuers by early next week, ahead of January 10 launch: Reuters
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Ripple will unlock 1 billion XRP on January 1 – What to expect?
https://finbold.com/ripple-will-unlock-1-billion-xrp-on-january-1-what-to-expect/
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ENERGY, CURRENCIES AND CHANGE. 🌎
2024: The year of change.
2024 is going to be a transformational year.
Russia and China’s energy trade is soaring.
The two countries don’t use the dollar anymore in trade and countries around the world are beginning to utilize local trade.
China continues to encourage Gulf nations to utilize the Shanghai Petroleum and Natural Gas Exchange for yuan-based oil and gas trade settlement…
Read the full article, here: https://x.com/goldtelegraph_/status/1741253743574700255?s=46
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Mortgages are going down, and inflation is going up.
And still, people cannot afford housing.
These are the things that work in the favor of a Global Currency Reset.
© Goldilocks
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How rising prices for restaurants, car repair and other services kept inflation up last month
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Mortgage rates drop for the ninth week in a row CNN Business Link
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Bitcoin asset “permissible” for Islam: the 90-year-old Salafist cleric from Saudi Arabia confirms it.
Cryptonomist Link
👆 Just in time for the spot Bitcoin ETF early next year. Think it’s a coincidence? Think again. It is the transition for the global markets into a digital economy.
@ Goldilocks
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Russia is looking to forge closer economic ties with other countries within the Commonwealth of Independent States (CIS) bloc, comprised of former Soviet republics, amid escalating tensions with the West. Caspian News Link
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Who will drive stablecoin innovation in 2024? | PaymentsSource American Banker Link
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Happy New Year’s Eve!
Unless something really spectacular comes up in the next 2 days, I will resume writing on Tuesday morning…
© Goldilocks
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