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SWIFT
05/31/2024
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By Cassie B.
Thailand announces intention to join BRICS, accelerating dollar’s demise
Thailand has announced its intention to become a member of the BRICS economic bloc in a move that could accelerate the demise of the U.S. dollar. This is according to Thai government spokesman Chai Wacharonke, who said in a statement that the country’s cabinet in Bangkok has now given the go-ahead to an official letter […]
04/22/2024
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By Richard Brown
Top Russian banker calls for end of Western payment systems like SWIFT
The chief executive officer of Russia’s second-largest bank emphasized the necessity of shifting away from Western payment systems like SWIFT, stating that it is crucial for Russia and its trading partners. Addressing the Data Fusion 2024 conference on Thursday, April 18, Andrey Kostin, CEO of Russia’s third-largest bank VTB, advocated for the advancement of digital […]
04/08/2024
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By Cassie B.
SWIFT’s new central bank digital currency platform could be ready in 1-2 years
The worldwide bank messaging network SWIFT has announced it has a new platform in the works that will help connect the different central bank currencies that are being developed by various nations to its existing financial system. They recently carried out a six-month trial that included 38 central banks, settlement platforms and commercial banks in […]
07/18/2023
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By Kevin Hughes
LocalMonero co-founder says CRYPTO is a DIRECT THREAT to US dollar’s monopoly over world economy
Alex, co-founder of the cryptocurrency trading platform LocalMonero, recently told the Health Ranger Mike Adams that crypto is a direct threat to the greenback’s monopoly over the world economy. “The U.S. government doesn’t want to see this monopoly go away,” he said during the third episode of “Decentralize.TV.” “I mean, it’s not a monopoly per se. But … […]
07/07/2023
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By Belle Carter
END OF THE DOLLAR: SCO nations to abandon USD, shift to domestic currencies for financial transactions
The United States dollar (USD) could suffer another huge blow that could send it down the drain as heads of the Shanghai Cooperation Organization (SCO) member states have made a landslide decision to conduct the majority of transactions in national currencies instead of the American dollar, following Iranian President Ebrahim Raisi’s proposal to ditch the dollar […]
04/06/2023
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By Kevin Hughes
LAZARUS HEIST: The international ATM theft that bagged $14M in just over 2 hours
Imagine yourself being an extra in a Bollywood film with the role of going to a cash point and withdrawing money. This was the case for several men in Maharashtra state who believed they were accepting a minor role in a movie, but were in fact being deceived into acting as money mules collecting cash […]
04/01/2022
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By News Editors
Russia offering SWIFT alternative to India for ruble payments
India is considering a proposal from Russia to use a messaging system developed by the Russian central bank for bilateral payments as New Delhi isn’t following the US-led economic campaign against Moscow, Bloomberg reported on Wednesday. (Article by Dave DeCam republished from News.Antiwar.com) Sources told Bloomberg that the plan involves using Russia’s messaging system, known as SPFS, for rupee-ruble-denominated […]
03/01/2022
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By Ethan Huff
SWIFT sanctions against Russia may be pointless due to rising alternatives such as Ripple and CIPS
The Biden regime along with numerous European nations have imposed “crippling financial penalties” on Russia for its invasion of Ukraine. But are these penalties really doing anything? Russia’s removal from the SWIFT financial system, for instance, could be a meaningless move as SWIFT appears to already be on the way out. Blockchain startup Ripple Inc. […]
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