Citi launches blockchain-based token services for cash management and trade finance

Lena Petrova, CPA – Finance, Economics & Tax

Citigroup, the American multinational investment bank and financial services corporation, has become the latest firm to wade into the blockchain waters as Citi Treasury and Trade Solutions (TTS) has announced the creation and pilot testing of the Citi Token Services for cash management and trade finance.

Citi launches blockchain-based token services for cash management and trade finance

The Battle of Ukraine and the War It’s Part Of

The Battle of Ukraine and the War It’s Part Of

The Russian military is not the Red Army, but the forces opposing it areinclusive of a revanchist army of Hitlerian fascism. The principal actors in this conflict are, on the one side, a rising oligarchic capitalist state trying to create a multipolar world in which it and other rising, (including self-identified socialist) countries can act and grow unconstrained by the hegemon, and, on the other, an oligarchic capitalist and hegemonic imperialist state, plus Nazis. I’m not a fan of either of them, but I know whom I don’t want to win.

And so does China. And Venezuela. And Nicaragua. And Cuba.

If there’s a way out, it’s with them.

Related:

BLACK BOX DEFENCE FOR THE RUSSIAN ECONOMY – DOLLAR DEBT REPAYMENTS BLOCKED; GAS AND OIL DELIVERIES TO GERMANY STOPPED; OLIGARCH ASSETS NATIONALIZED

In general, much remains to be done to strengthen national sovereignty in the economy. American sanctions are the agony of the outgoing imperial world economic system based on the use of force. In order to minimize the dangers associated with it, it is necessary to accelerate the formation of a new – integral – world economic order which restores international law, national sovereignty, equality of countries, diversity of national economic models, principles of mutual benefit and voluntariness in international economic cooperation.”

Federal Reserve System Takes First Step Toward Creating Its Own Digital Currency

Federal Reserve System Takes First Step Toward Creating Its Own Digital Currency

While the Paper examines the potential benefits and risks of a U.S. CBDC, it is not intended to advance any specific policy outcome, nor is it intended to signal that the Fed will make any imminent decisions about the appropriateness of issuing a U.S. CBDC. However, the Paper undoubtedly is the Fed’s first step toward central bank digital currencies via a public discussion with its stakeholders.

Why the Fed hates cryptocurrencies and especially stablecoins

Why the Fed hates cryptocurrencies and especially stablecoins

“[They’re] popular because it’s money that’s independent of politicians and bankers,” said Mati Greenspan, portfolio manager and Quantum Economics founder. “People want the separation of government and money. They clearly don’t get that.”

“Were diem, or even a Chinese CBDC, to be accepted by many other countries, the U.S. dollar would lose its dominance,” continued Bordo.

How the Government Uses Fear to Control

How the Government Uses Fear to Control

A famous quote by Franklin D. Roosevelt is “The only thing we have to fear is fear itself.” He understood that fear is ultimately what strips us of our human rights and drives a society into totalitarianism, and that the only way to circumvent such a fate is to bravely resist fear. Today, one of the biggest threats (or so we’re told) is global pandemics.