Goldilocks’ Comments and Global Economic News Friday 4-5-2024
Good Afternoon
Ripple’s new stablecoin which is expected to be launched later this year will expand into several different Global Networks.
On a broader scale, Ripple’s new stablecoin will allow them to create demand for their coin on centralized and decentralized platforms.
One platform utilizes the traditional model of centralized banking exchanges, and the other utilizes peer-to-peer transactions that can be held in a private exchange.
This will expand the use of Ripple coin among all users going forward who wish to utilize the network of Ripple coin in their transactions.
The XRP Ledger can be utilized in both transactions (centralized and decentralized networks) that will include the use of this aspect of their company as well. The US stablecoin is not the only country that Ripple would like to utilize this new stablecoin service going forward.
It is a move that expands the use of Ripple coin diversifying its capabilities among institutions and private buyers who wish to utilize its speed and easy scalability on the new QFS.
Business Wire CNBC Investopedia
© Goldilocks
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Since Ripple’s stablecoin is going to be backed 100% by US dollar deposits, they are agreeing to go through monthly audits. It is something that the banking system does as well. This lines Ripple up with the banking system and shows their willingness to be completely transparent.
The alignment between cryptocurrency and the traditional banking system forming an alliance such as this gives each of us and much clearer understanding of how payment systems will be settled inside a new digital economy through Ripple.
The importance of this move cannot be overstated. I can only tell you it is a move that will change the banking system forever. Coindesk
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4/5/2024 Good Morning,
I hope everyone is doing well and looking forward to their weekend. I wanted to go over the importance of Ripple’s announcement this week in launching a new stablecoin backed 100% by US deposits.
This aligns Ripple as a settlement token between deposits, trades, and banking exchanges. Just like the banking system, Ripple intends to be audited once a month to show transparency of their Network System.
This not only shows that the banking system is becoming digitized, it shows that our Protocol 20 tokenized assets will soon be able to be processed through the new Digital Banking System.
This is a slow roll out, but it is moving forward. Nothing is holding us back, and we are moving forward as new networks are interfaced onto the new Quantum Financial System.
This is currently where we are in the integration of the new digital banking system. Traditional banking system is currently being digitized. Everything will be tokenized going forward. This will allow us to hold real values in our new banking system that can be processed through Quantum Technologies.
Tomorrow night, there will be a Saturday Night Live call giving you an update on where we are in the new Digital Banking System. Jester and Freedom Fighter do an excellent job explaining where we are in the movement and transition into our new economy that leads to our revaluation of all assets across the markets including Forex.
Do make time for this important event on Saturday night, a transition of this magnitude has shifted our economy. And, many people will overlook the magnitude of this announcement. This is why it is important to listen to as many perspectives on this shift as possible as we collectively move our money onto the QFS. Saturday Night Live
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“LUANG PRABANG — Việt Nam’s Minister of Finance and Central Bank Governor and other ASEAN counterparts engage in discussions with international business councils to strengthen financial ties and promote sustainable growth in the region.”
Vietnam is currently engaged in monetary policy and monetary cooperation initiative changes.
They are currently taking active steps to be more inclusive on the international stage in terms of market growth and commitment to sustaining that growth with partnerships that will enable them to improve economical standards of living.
Their new Basel 3 compliant banks will allow them to show collateralization and the ability to make higher volume trades than before through proof of the ability to transact on both sides of a trade.
As Vietnam continues to expand their economy, these new demands on their currency will justify new price actions on their currency. Vietnam News
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Financial Services Authority of Indonesia Announcement:
“The Financial Services Authority of Indonesia said Indonesia’s economy has recovered from the pandemic and banks have strong capital, sufficient liquidity and good risk management.”
Indonesia is Basel 3 compliant. This will allow their movement into less pandemic support, and into measures that support their own economy through the new digital asset-based trading system.
The new digital economy will require a gold backing to service the needs of the new cryptos they are in the process of testing and going through approval for the development of their new economy. Coin Telegraph WHO
© Goldilocks
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A New Digital Core for Banks | Huawei Enterprise | Huawei
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The Fed – Tokenized Assets on Public Blockchains: How Transparent is the Blockchain? | The Federal Reserve
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Office CRE Mess Keeps Getting Worse, Massive Repricing Underway | Wolf Street
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Mexico Approves Bill Regarding Electronic Financial Transactions | Insights | Holland & Knight
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Federal Reserve Refuses To Provide Records Of Foreign Gold Holdings | ZeroHedge
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Cooperation not competition is the driving force of the new economy.
© Goldilocks
