“He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name. Here is wisdom. Let him who has understanding calculate the number of the beast, for it is the number of a man: His number is 666,” (Revelation 13:16-18, NKJV).
In the end time, economic control will be used to force the citizens of the world to comply with the dictates of the Antichrist and his one-world government. The plan will be to give everyone on earth their own unique identification number that will be necessary to function in society. If any individual does not submit, obey and pledge allegiance to the Antichrist and his supreme authority, that person’s number will be invalidated. They will not be permitted to hold a job or to participate in the global economy. This individual sanctioning system will require everyone to be participants in a digital society. Hence, the current efforts continue to transition the populace away from cash.
On Tuesday November 14, Nick Singelis presented the lesson entitled, "Marked hands & Foreheads." It was the same day that the Digital Dollar Pilot program was rolled out by the New York Fed. Nick Singelis had just announced on November 7th 2022 that he believed the Digital Dollar would be here before the Summer of 2023. One week later, we see the pilot program released.
Nick Singelis started teaching about the One World Government, New World Order and the coming One World religion at the Hampton Inn in Youngstown, Ohio in March of 2022. "The coming NWO has been fast-tracked and we will loose of freedoms in the United States quickly because of the successes of Covid-19 and the Lock-downs," Singelis shared with a group of about 26 attendees.
In the end time, economic control will be used to force the citizens of the world to comply with the dictates of the Antichrist and his one-world government. The plan will be to give everyone on earth their own unique identification number that will be necessary to function in society. If any individual does not submit, obey and pledge allegiance to the Antichrist and his supreme authority, that person’s number will be invalidated. They will not be permitted to hold a job or to participate in the global economy. This individual sanctioning system will require everyone to be participants in a digital society. Hence, the current efforts continue to transition the populace away from cash.
On Tuesday November 14, Nick Singelis presented the lesson entitled, "Marked hands & Foreheads." It was the same day that the Digital Dollar Pilot program was rolled out by the New York Fed. Nick Singelis had just announced on November 7th 2022 that he believed the Digital Dollar would be here before the Summer of 2023. One week later, we see the pilot program released.
Nick Singelis started teaching about the One World Government, New World Order and the coming One World religion at the Hampton Inn in Youngstown, Ohio in March of 2022. "The coming NWO has been fast-tracked and we will loose of freedoms in the United States quickly because of the successes of Covid-19 and the Lock-downs," Singelis shared with a group of about 26 attendees.
Nick Singels onNovember 7th 2022 pointed out that the Digital Euro was a prelude to the digital dollar. One week later, Nick Singelis taught about the Mark of the Beast on the day the New York Fed announced the Digital Dollar Pilot Program.
From the European Central Bank site, "We are working with the national central banks of the euro area to investigate whether to introduce a digital euro. It would be a central bank digital currency, an electronic equivalent to cash. And it would complement banknotes and coins, giving people an additional choice about how to pay. https://www.ecb.europa.eu/paym/digital_euro/html/index.en.html |
DOLLAR PILOT PROGRAM WITH BIG BANKS BY
"Rahul Nambiampurath"
PUBLISHED NOVEMBER 16, 2022
Nine U.S. financial institutions, including Citibank, Wells Fargo, and Mastercard launched a pilot program working with the Federal Reserve Bank of New York to test the feasibility of a digital dollar based on distributed ledger technology.12
Key Takeaways
The project is the most significant step to date in creating a digital dollar to improve financial settlements. The Biden administration has recommended the creation of a digital dollar and the U.S. has recently begun putting resources into the effort. Other countries are also exploring plans to create their own central bank digital currencies (CBDCs).
The proof-of-concept project is a 12-week effort that will test the feasibility of an interoperable digital money platform called the regulated liability network (RLN).3 It will use a distributed ledger—like the blockchain technology behind bitcoin. The goal is to improve financial settlements and will involve central banks, commercial banks, and regulated non-banks.
The U.S. dollar will be represented as tokens and settled through simulated central bank reserves on a shared multi-entity distributed ledger. The pilot will be conducted in a test environment and will use a technology provided by SETL and Digital Asset.
The list of participants in the pilot program includes BNY Mellon, Citi, HSBC, Mastercard, PNC Bank, TD Bank, Truist, U.S. Bank, and Wells Fargo. Global payments provider Swift is also participating in the effort, along with the New York Innovation Center (NYIC), part of the Federal Reserve Bank of New York.
China Tests Digital Yuan Other countries have made headway in digital currency development, most notably China. China has tested its digital yuan in several provinces, and the currency is even available to users on the popular app WeChat.4 It recently added four provinces to its list of regions for the CBDC trial.5
Nigeria also has launched a digital currency, the eNaira.6 Central Bank of Nigeria (CBN) Governor Godwin Emefiele said it was responsible for more than $9 million in transactions in the past month.7
Earlier this month, France, Switzerland, and Singapore jointly conducted a trial for their digital currencies, one of the first of its kind.8 These cross-border trials are also an important agenda in CBDC development.
The Bottom Line With the White House recommending the creation of a digital dollar, a major announcement could come as early as next year. Major economies like India are also considering adopting CBDCs. The efforts so far are mainly cautious pilot programs. At the same time, regulators around the world are looking at the regulation of cryptocurrencies.
Key Takeaways
- Several U.S. financial institutions are collaborating to test the feasibility of a digital dollar based on distributed ledger technology.
- Participants include BNY Mellon, Citi, HSBC, Mastercard, PNC Bank, TD Bank, Truist, U.S. Bank, and Wells Fargo. The New York Innovation Center, part of the New York Fed, is also involved.
- The pilot will run for 12 weeks in a test environment and will involve central banks, commercial banks, and regulated non-banks.
The project is the most significant step to date in creating a digital dollar to improve financial settlements. The Biden administration has recommended the creation of a digital dollar and the U.S. has recently begun putting resources into the effort. Other countries are also exploring plans to create their own central bank digital currencies (CBDCs).
The proof-of-concept project is a 12-week effort that will test the feasibility of an interoperable digital money platform called the regulated liability network (RLN).3 It will use a distributed ledger—like the blockchain technology behind bitcoin. The goal is to improve financial settlements and will involve central banks, commercial banks, and regulated non-banks.
The U.S. dollar will be represented as tokens and settled through simulated central bank reserves on a shared multi-entity distributed ledger. The pilot will be conducted in a test environment and will use a technology provided by SETL and Digital Asset.
The list of participants in the pilot program includes BNY Mellon, Citi, HSBC, Mastercard, PNC Bank, TD Bank, Truist, U.S. Bank, and Wells Fargo. Global payments provider Swift is also participating in the effort, along with the New York Innovation Center (NYIC), part of the Federal Reserve Bank of New York.
China Tests Digital Yuan Other countries have made headway in digital currency development, most notably China. China has tested its digital yuan in several provinces, and the currency is even available to users on the popular app WeChat.4 It recently added four provinces to its list of regions for the CBDC trial.5
Nigeria also has launched a digital currency, the eNaira.6 Central Bank of Nigeria (CBN) Governor Godwin Emefiele said it was responsible for more than $9 million in transactions in the past month.7
Earlier this month, France, Switzerland, and Singapore jointly conducted a trial for their digital currencies, one of the first of its kind.8 These cross-border trials are also an important agenda in CBDC development.
The Bottom Line With the White House recommending the creation of a digital dollar, a major announcement could come as early as next year. Major economies like India are also considering adopting CBDCs. The efforts so far are mainly cautious pilot programs. At the same time, regulators around the world are looking at the regulation of cryptocurrencies.