Phase 1: Give The World Old News | Russia Announces Inter-Bank Payment Rail

Mar 6, 2022 | Digital Currency

Several Russian banks said on Sunday they would soon start issuing cards using the Chinese UnionPay card operator’s system coupled with Russia’s own Mir Network, after Visa and MasterCard said they were suspending operations in Russia.

The truth is that Russian banks started using Union Pay in 2017. The cross-border payment network for debit/credit cards issued through commercial banks is already finished. This is phase one of the multi-step processes in the move away from the dollar dominant payment rails.

Articles and visual aids shared in this RTD News update:

https://www.reuters.com/business/finance/russian-banks-rush-switch-chinese-card-system-2022-03-06/

https://www.reuters.com/markets/europe/russian-banks-may-issue-cards-with-chinas-unionpay-visa-mastercard-cut-links-2022-03-06/

https://cdn.discordapp.com/attachments/832456983834525706/950096742936875028/me.png

https://cdn.discordapp.com/attachments/832456983834525706/949040634004639784/brics_pay_network.JPG

https://www.artlebedev.com/mir/site/process/

https://cdn.discordapp.com/attachments/832456983834525706/950119203577405440/unionpay_ezb.JPG

https://cdn.discordapp.com/attachments/832456983834525706/950114566690451466/sberbank.JPG

https://cardflash.com/news/2017/07/rosselkhozbank-rolls-unionpay-mir-card/

https://cdn.discordapp.com/attachments/832456983834525706/950108113099427901/tweet1.JPG

 

 

Silver to $35 Per Ounce Easily: The Technicals Are Irrefutable

No matter which angle you’re looking at it from – economics, chart technicals, or a combination of both – the bull case for silver is as powerful as ever. $35 will prove to be a key level, and after the bulls break through that, the $50 resistance point from 2011 will be next in line.

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