.... #Dedollarization #USD #FX #Africa #Investments Turkey Strengthens Dedollarization Through Transition to Internal Payment System TROY Turkish state banks have decided by default to issue cards of the internal payment system TROY, replacing Visa and Mastercard. This applies to both the issuance of new cards and the replacement of existing ones. Furthermore, all social payments will be conducted through TROY. Reasons and Implications: Sovereignty of the Payment System: Reducing dependence on international ...

... valued in the trillions. Together, these four giants are worth approximately $5.6 trillion, which is roughly equivalent to the combined value of the next 19 largest American companies: Facebook, Berkshire Hathaway, Visa, Johnson & Johnson, Walmart, Mastercard, Procter & Gamble, JPMorgan Chase, UnitedHealth, Home Depot, Intel, Nvidia, Verizon Communications, Netflix, AT&T, Adobe, PayPal, Tesla, and Walt Disney. During quarantine, consumers shifted to online shopping, and this was reflected in stock ...

... institutional investors. Traditional financial exchanges and banks are also building infrastructure for working with cryptocurrencies: major U.S. banks are testing the use of stablecoins to accelerate cross-border payments, and payment networks Visa and Mastercard are expanding support for operations with digital currencies. Corporations are also getting involved. A number of public companies—from IT giants to retailers—are incorporating Bitcoin into their asset balance sheets or are starting to ...

... payment networks are integrating cryptocurrencies into their services. Goldman Sachs and Deutsche Bank have launched platforms for trading and storing digital assets, providing affluent clients secure access to crypto investments. Payment giants Visa and Mastercard are expanding pilot projects for using stablecoins for international payments and testing the integration of central bank digital currencies (CBDCs) into their networks. These steps by established financial players demonstrate that digital ...

... networks are integrating cryptocurrencies into their services. Goldman Sachs and Deutsche Bank have launched platforms for trading and storing digital assets, providing affluent clients with secure access to crypto investments. Payment giants Visa and Mastercard are expanding pilot projects for using stablecoins for international settlements and testing the integration of central bank digital currencies (CBDCs) into their networks. These steps by recognized financial players indicate that digital assets ...