Goldilocks "MultiCurrency Accounts and Digital Platforms" Sunday 4-30-2023

Goldilocks and Seeds of Wisdom

Thank you RJ

RJ:  Good morning Dinar Recaps,

Goldilocks posted explanatory comments with links this morning:

Europe is showing us their new project. After completing digital regulation procedures, they are now implementing their wholesale settlement process through digital ledger transmissions.

Wholesale settlement is the actual transfer of funds between Banks or Central Banks. 

This digital process along with digital protocols and mechanisms to secure both sides of a trade through artificial intelligence is now going live in Europe.

© Goldilocks

Ledger Insights LINK

FedNow Service LINK

Alchemy Pay is a digital payment platform. 

It's purpose is to make crypto currency payments easier for the general public. 

It is designed to bridge fiat currency exchanges with the digital economy.

"Recently, Bank Indonesia granted licenses to Alchemy Pay and PT Berkah Digital Pembayaran (BDPay) to operate their money transfer and remittance businesses."

© Goldilocks

Indian Rupee Alchemy Pay LINK

What is Alchemy Pay LINK

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The House Financial Services Subcommittee is currently examining stablecoins' role in the new digital asset-based payment system. 

And, they are working on proposed legislation that will enable federal protocols in issuing stablecoins. 

These digital currency reforms are beginning to reach an implementation status that will allow them to become law. 

© Goldilocks

JDSUPRA LINK

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Standard Charter is allowing people to apply for new multi-currency accounts that can be utilized on a debit card.

This multi-currency debit card allows you to hold several foreign currency accounts that can be utilized for payments. 

You can order this card by June 30th with the ability to make transactions by July 31st. 

I could not find an article on it, but I did find two promotional pieces. This article is to inform and not to recommend. Do your own research. 

The world is going digital at a very rapid pace now.

© Goldilocks

Multicurrency Debit Card LINK

Multicurrency Master Card LINK

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