Goldilocks " News on Fednow, Libor, SOFR and more" Friday 6-9-2023
Goldilocks and Seeds of Wisdom
Thank you RJ
RJ: Good morning Dinar Recaps,
Goldilocks posted news links and comments:
On June 1st, 2023, we saw the FEDNOW money transfers begin.
On July 1st, 2023 (this date has been corrected by Goldilocks - Dinar Recaps), the FEDNOW will roll out the full version of their International Payment System.
JPMorgan will be providing their coin in utilizing this service on the METALS Blockchain.
Their coin called "onyx" owned by JP Morgan will be utilized to make money transfers Internationally.
Just this week, we saw JP Morgan integrate their coin with the UPI System in India.
This interfaces quantum computers of the United States to the BRICS Nations allowing cross-border international trades and currency exchanges with the Eastern half of our world.
© Goldilocks
https://www.coindesk.com/video/federal-reserves-new-instant-payments-system-fednow-to-launch-in-july/
https://www.blockdata.tech/products/metal-blockchain
https://metalblockchain.org/
https://www.jpmorgan.com/onyx/coin-system.htm#:~:text=Our%20inaugural%20product%20solution%2C%20JPM,and%20payments%20in%20right%20time.
https://www.jpmorgan.com/onyx/about.htm#:~:text=Onyx%20is%20a%20J.P.%20Morgan,innovative%20products%2C%20platforms%20and%20marketplaces.
https://en.m.wikipedia.org/wiki/Unified_Payments_Interface#:~:text=Unified%20Payments%20Interface%20(UPI)%20is,funds%20between%20two%20bank%20Accounts.
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The World Bank is getting involved with retail investors in helping them to transition from Libor to SOFR bonds.
Bond exchanges are being offered to retail investors with the option to exchange bonds referencing LIBOR for the new SOFR index-linked bonds.
This has never been done before, and it is an attempt to help ease adjustments into the new monetary system at the end of the month.
© Goldilocks
https://www.miragenews.com/world-bank-launches-public-bond-exchange-to-1023400/
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"Agencies Propose Interagency Guidance on Reconsiderations of Value for Residential Real Estate Valuations"
This is a formal announcement that the real estate market is being reset and/or revalued.
Currently, opinions are being gathered from the public to be included in a new standardized approach of the real estate market.
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The largest US bank is willing to support Iraqi banks in dollars in financing foreign trade
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