Goldilocks' Comments and Global Economic News Sunday Evening 5-19-24
Goldilocks' Comments and Global Economic News Sunday Evening 5-19-24
Good evening Dinar Recaps,
Global trade growth is set to double in 2024. Here’s why | The Print
"The OECD’s Lombardelli expects China and East Asia to be the main drivers of global growth, as reported by the Financial Times.
While, based on exports alone, the WTO sees Africa growing faster than any other region this year – up 5.3%, if from a low base. North America (3.6%), the Middle East (3.5%), and Asia (3.4%) should all see moderate export growth, while it expects European exports to trail other regions at just 1.7%."
Do you see these numbers? These numbers are the result of digitizing the shipping ports and the supporting services that keep them running.
Look closely at the numbers again, and you will see that these numbers are reflective of rising export calculations in trade growth.
Goldilocks' Comments and Global Economic News Sunday Evening 5-19-24
Good evening Dinar Recaps,
Global trade growth is set to double in 2024. Here’s why | The Print
"The OECD’s Lombardelli expects China and East Asia to be the main drivers of global growth, as reported by the Financial Times.
While, based on exports alone, the WTO sees Africa growing faster than any other region this year – up 5.3%, if from a low base. North America (3.6%), the Middle East (3.5%), and Asia (3.4%) should all see moderate export growth, while it expects European exports to trail other regions at just 1.7%."
Do you see these numbers? These numbers are the result of digitizing the shipping ports and the supporting services that keep them running.
Look closely at the numbers again, and you will see that these numbers are reflective of rising export calculations in trade growth.
This is a result of rerouting many of our trade routes these last 4 years allowing new demands to increase in the products that go across our waters.
These new demands on goods are in the category of exports. Exports create demands on the now local currencies being traded around the world. These new currency demands will increase the value of them going forward.
This is why the World Trade Organization (WTO) has been working on percentage changes earlier this year. The new percentage changes are expected to come out in the second half of this year.
These new percentages will help them to determine credit valuation adjustments for countries regarding their new exchange values.
WATCH THE WATER.
© Goldilocks
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"Russian court seizes assets worth €700mn from UniCredit, Deutsche Bank and Commerzbank" | Financial Times
The war over currency dominance has begun.
© Goldilocks
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Visa Reveals Digital Products to be Launched Over the Year Catering to Evolving Consumer Demands | The Fintech Times
"Consumer payment preferences are constantly evolving, meaning firms need to adapt to cater to these needs. At the Visa Payments Forum in San Francisco, Visa has unveiled new products which will address the evolving consumer payments demands."
Don't be surprised if you don't see multi-currency payment services in the new debit and credit cards we hold. The world is expanding our options, and even, our options in payment opportunities.
The ability to pay in American dollars or other currencies is rapidly approaching with the use of multi-currency accounts. Some may choose to pay with digital coins and others may choose to pay with their gold accounts.
There is a new world ahead of us, and the ability to make informed decisions based on what we have been learning about the new digital economy will help us in walking into it and through it.
If you have been following this room for the last 4 years, you will realize that many of the above options mentioned are already taking place.
© Goldilocks
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Banking Announcement:
"US-based Commerce Bank has officially gone live with FedNow on Temenos Payments Hub delivered as Temenos SaaS, enabling real-time payments on the secure, scalable, and continuously updated platform." The Fintech Times The Paypers
Interestingly, Iraq is using the same digital payment service.
© Goldilocks
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US Basel III Endgame Will Impact Trading & Capital Markets | Markets Media
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Bitcoin Institutional ETF Inflows May Spark Test Of Record Highs Next Week, Analyst Says; Coinbase Surges On Upgrade | Investors
👆 Goldilocks pointed to this article
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Dexfly Collaborates with Top Global Banks to Launch Digital Asset Custody Services | Global Newswire
New York, NY, May 17, 2024 (GLOBE NEWSWIRE) -- Dexfly Exchange announced today its strategic collaboration with several top global banks to launch advanced digital asset custody services. This service utilizes bank-grade security measures to ensure the safety and reliability of user assets.
This initiative not only attracts a significant number of institutional investors but also provides enhanced asset security for individual users.
The new digital asset custody service incorporates bank-grade security measures, including multi-signature technology, cold wallet storage, and real-time monitoring systems.
The multi-signature technology ensures multiple layers of asset protection, while cold wallet storage keeps the majority of assets offline, guarding against network attacks. Additionally, Dexfly has implemented a round-the-clock security monitoring system to promptly detect and address any abnormal activities.
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Banking Announcement:
"US-based Commerce Bank has officially gone live with FedNow on Temenos Payments Hub delivered as Temenos SaaS, enabling real-time payments on the secure, scalable, and continuously updated platform." The Fintech Times The Paypers
Interestingly, Iraq is using the same digital payment service. 😉
© Goldilocks
👆FedNow Service Participants and Service Providers | FRB Services
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Ripple-Linked Temenos Just Launched a Payments Hub on IBM Cloud | The Crypto Basic
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Temenos USA, Inc. - FedNow(SM) Service Provider Showcase | Youtube
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Banks, Hedge Funds, Pensions Buying Spot Bitcoin ETFs | ETF
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Banco Santander, Iberpay Launch Real-Time Payments Service | Pymnts
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AI Crypto Teaching Moment:
ISO 20022 compliance is important for cryptocurrencies because it allows them to speak a universal financial language, which enhances cross-border transactions and fosters integration with traditional financial systems.
Some cryptocurrency exchanges and payment processors may implement ISO 20022 compliance for their internal processes or interactions with traditional financial systems.
ISO 20022 compliant coins are pioneering a new frontier of transparency and efficiency, and are also forging a stronger alliance with the mainstream financial world.
Some ISO 20022 compliant crypto coins include:
XRP, Cardano (ADA), Quant (QNT), Algorand (ALGO), Stellar (XLM), Hedera Hashgraph (HBAR), IOTA (MIOTA), and XDC Network.
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Easily Connect your Android Phone to PC with Microsoft Copilot - Gizchina
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XRP Ledger Transactions Soar 108% in Q1 2024 | The Crypto Times
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Ripple (XRP): Latin America Shifts Towards Crypto Amidst Cash Ditch - Blockchain News
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The Federal Reserve will use ISO 20022, an internationally accepted data-rich messaging standard, to define the message flows and formats for the FedNow Service. | FRB Services
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Stellar on Kubernetes: initialization IBM Cloud | Git Hub Gist | Wikipedia
Yes, Stellar Core and Horizon use Kubernetes dynamic provisioning for their storage classes, which leverage IBM Cloud. The default storage class for IBM Cloud is file-based, which has known limitations with docker images.
IBM's enterprise cloud platform is designed to meet regulatory, security, and compliance requirements for regulated industries.
Stellar is a cross-border payment system developed by IBM that includes partnerships with banks in the area. IBM Blockchain World Wire uses blockchain technology and the Stellar protocol to provide shared distributed ledgers for atomic payment clearing and settlement in near real-time.
EVERYTHING ROLLS OVER TO IBM CLOUD.
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Ripple's Metaco and IBM Join Forces, Unveil Game-Changing Crypto Solution for Banks | Today
Yes, IBM Cloud has partnered with Ripple's Metaco to create a solution for digital asset storage. This collaboration is a step toward developing strong institutional foundations, according to BCB Group, which has also partnered with IBM Cloud.
XRP is a money transfer network that serves the financial services industry. XRP is the native crypto token of the Ripple network, and it is consistently among the top 10 cryptocurrencies by market capitalization.
Some banks that have been working with Ripple include:
Santander (USA)
Canadian Imperial Bank of Commerce (Canada)
Kotak Mahindra Bank (India)
Itaú Unibanco (Brazil)
IndusInd (India)
InstaReM (Singapore)
BeeTech (Brazil)
Zip Remit (Canada)
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International Business Machines (IBM) is owned by a mix of institutional, retail, and individual investors. As of 2024, the ownership structure is 42.29% institutional shareholders, 0.44% IBM insiders, and 57.27% retail investors.
IBM's common stock is listed on the New York Stock Exchange, the Chicago Stock Exchange, and outside the United States. You can buy or sell IBM stock through a stockbroker, bank, or generally through a financial institution that provides brokerage services.n Fintel
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From a brick-and-mortar Banking System to a Bank in the Clouds. | Sprinterra
In recent years, the banking industry has been undergoing a significant transformation, with cloud-based Core Banking Solutions computing becoming an integral part of daily banking operations.
This shift towards the cloud marks a pivotal change in how financial institutions manage and process data, promising increased efficiency, flexibility, and innovation. Yet, despite these advantages, many banks remain cautious about fully migrating their operations to the cloud, a hesitation rooted in valid concerns.
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The IMF recommends removing foreign exchange restrictions to foster healthier and fairer economies. These policies sap energy from the economy and give an unfair advantage to those who have access to the cheaper official exchange rate. Watch our "Analyze This" video to learn more. | Twiter
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Thank you Dinar Recaps
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