Goldilocks’ Comments and Global Economic News for August 1, 2023
Good morning Dinar Recaps,
Goldilocks posted comments and links on the global financial system:
Exploring the Future of Digital Wallets and Prepaid Cards in Vietnam
Prepaid cards in Vietnam are gaining traction. In an age of digitization, it is a way for smart contracts to ensure that there is funding available on both sides of a trade.
This can and will avoid overspending and debt issues that we face currently.
Zimbabwe has officially requested to join BRICS’ New Development Bank.
Zimbabwe is among several African nations that are attending the BRICS Summit this month on the 22nd of August.
The number of countries joining BRICS just keep climbing.
China’s Blockchain Plan For Shanghai By 2025 – NullTX
The Shanghai Exchange is going to blockchain technology. It has between now and 2025 to complete its full plan of implementation.
It is noted that some protocols have already been established and there are many more to come.
It is believed that this will help them in their trade exchanges in the Eastern half of our world and other countries around the world.
Russia to launch digital ruble CBDC payments on August 1
“Russian President Vladimir Putin signed a digital ruble bill into law on Monday, approving the use of its central bank digital currency for payments starting from Aug. 1, 2023.”
Yahoo Finance Link
CHINA’S CURRENCY REGULATORS ARE ASKING SOME COMMERCIAL BANKS TO REDUCE OR POSTPONE THEIR PURCHASES OF U.S. DOLLARS
Let the games begin?
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