Transcript of the above video: 

As the title of this video suggests, we're discussing what appears to be a Digital Currency Bridge. I'm presuming this is probably the underlying backbone of what we have been referring to in the past as mBridge. That said, I thought of making this video after reading a recent article in the420.in, the article is titled: Dollar Dominance in Peril as China's Digital RMB Leads Financial Revolution Spanning 200 Countries. Okay first off, the hyperbole is a little much. I really want to just understand the evolution of international finance, geopolitics, and trade. I'm not really interested in "the dollar is going to die, and everything's going to.." no that is not the way this stuff works okay. That said, we are combing this for the data, less for the hyperbole, just take that away. 

That said, quoting directly: "In a move shaking the very foundations of Global Finance, the People's Bank of China has launched its full-scale digital RMB cross-border settlement system, now seamlessly connected to the 10 ASEAN Nations and six Middle Eastern countries. This stunning development enables nearly 38% of the World's trade volume to bypass the US-controlled SWIFT Network." See, this is what I have been saying for a while. Like when Trump came out and said, "oh they can't have a BRICS currency", that's not what they are trying to do. They're creating platforms to move Capital that already exists or already has a currency denomination in existence. It's not about creating a new currency; it's creating new platforms. That said, quoting further: "US-controlled Swift network, heralding what the Economist dramatically dubbed the "Bretton Woods 2.0 Outpost Battle". Yeah again, can we stop with the hyperbole, okay? I mean a bunch of Bankers wearing vests and stuff are not going to be carrying around M4s, all right. Let's just all calm down everybody. Quoting further: "The implications are seismic. Where Swift takes 3-5 days for cross-border settlements, China's blockchain-driven Digital Currency Bridge compresses the process to a mind-bending 7 seconds." Okay, first off what kind of volume are we dealing with? What's the scalability here? It may be huge. They may be able to do this at a huge rapid rate and I expect that will be the case moving forward. That said is the sky falling? I would say not yet. We're going through a transition. 

Now with that in mind, this is big; this should not be underestimated okay. China is creating an alternate, not just China, multiple countries around the world are experimenting with and developing various alternative platforms, I look at them as railroads. It's like the rails if you will, the pipelines if you will, to move Capital around, because at the end of the day, the currency is just a representation if you will, it's a manifestation of an underlying value or notion of value and again that's not really what's at play. Are goods and services moving and how are they moving, and it's the platforms that are facilitating the movement. That said quoting further: "The results? ASEAN cross-border RMB settlements hit" - and this is Yuan, this Chinese currency - "¥5.8 trillion in 2024, a 120% surge from 2021. Nations like Malaysia, Singapore and Thailand have already moved to include the Yuan in their foreign exchange reserves. The Bank for International Settlements has acknowledged the title shift." 

Yeah look, this isn't insignificant, okay. This is a pretty big deal. That said, is it hyperbolically what people are saying that it's the end of all things Western Financial? No it is not, but we are any significant transition here and exactly how this plays out remains to be seen, so we will certainly be keeping you updated on this channel as the situation evolves.