The Watchman On The Wall

The Watchman On The Wall
Eph 6:12 For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places. Verse 13 Wherefore take unto you the whole armour of God, that ye may be able to withstand in the evil day, and having done all, to stand.

Tuesday, June 11, 2024

Have You Heard Of "Project mBridge"? June 11, 2024

 

Saudi Arabia Joins CBDC mBridge to End US Dollar Dominance

Project mBridge is a cross-border platform that uses central bank digital currencies (CBDCs) to facilitate wholesale payments and settlements. The project was launched in 2021 by the Bank for International Settlements (BIS) Innovation Hub and the central banks of China, Hong Kong, Thailand, and the United Arab Emirates (UAE). In June 2024, the project reached the minimum viable product (MVP) stage, making it ready for early adopters. Saudi Arabia's central bank also recently joined the project as a full participant. 

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