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The SWIFT system - Steve - 03-17-2022
Ripple Partner Collaborating with Wells Fargo on SWIFT Replacement -
The Clearing House, a known Ripple partner company, is working with Wells Fargo on a cross-border payments system, “specifically designed to support digital commerce,” that could potentially replace SWIFT.
The system, known as Real Time Payments (RTP) Service, would facilitate the real-time transfer of digital currency between eligible accounts at Wells Fargo. A new Wells Fargo online service agreement has been shared online that details how this project could directly challenge SWIFT’s dominance:
https://dinarchronicles.com/2022/03/16/ripple-partner-collaborating-with-wells-fargo-on-swift-replacement/
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from - https://operationdisclosureofficial.com/2022/03/16/special-restored-republic-via-a-gcr-report-as-of-march-15-2022-2/
On Sat. 12 March banks worldwide were switched from the old Cabal-owned SWIFT Global Financial System to the new Quantum Financial System.
Now at least Russia, China, North Korea, India, Pakistan, Saudi Arabia, Poland, Iran, Japan, Iraq and Venezuela were believed to be functioning on the gold, asset-backed currency standard.
Judy Note: Russia, China, North Korea, India, Pakistan, Saudi Arabia, Poland, Iran, Japan, Iraq and Venezuela were suspected to have switched over to their own gold/ asset-backed currencies last Sat.12 March when the SWIFT system was taken down and the new Quantum Financial System began– it just hasn’t been announced yet. Because their currencies were backed by gold and other assets those countries were making agreements to trade with each other and no longer use the US fiat dollar.
MarkZ: The article, “Ripple Partner and Wells Fargo Collaborating on SWIFT replacement.” – this would make the SWIFT unnecessary for cross country international transfers and end the Federal Reserve lock on banking . This is absolutely huge!!!
RE: The SWIFT system - Steve - 05-06-2022
Delinking from Dollar Dominated Trade: Circumventing US Sanctions. Iran–Venezuela Energy Cooperation
Iran and Venezuela are poised to enter a new era to fight US sanctions. Their cooperation in Hydrocarbons production as well as trade may help them gradually detach from western sanctions.
An idea brought forward in this interview is their joint exit from the dollar-dominated trade economy, by selling their petrol and gas in one or more other currencies than the US dollar or even the Euro. Ideally, they may want to join the Russian move of selling gas for rubles instead of US dollars.
This Russian initiative, of course, has been a major “explosion” in Europe and elsewhere in the world, but most countries eventually accept this new payment mode – one that is totally delinked from the US dollar and its little brother, the Euro…https://www.globalresearch.ca/iran-venezuela-energy-cooperation-way-circumventing-us-sanctions/5779378