US Presidential Republican Nominee calls out the Fed Reserve, “ saying he will put it back in its place, and move the USD to a stable, asset-backed currency, as depositors have withdrawn $1 trillion from the US Banking system in 8 weeks
The first millennial US Presidential Nominee, Vivek Ramaswamy, stated at the Bitcoin Miami Conference just held, that if elected he will reform the Federal Reserve, and put it in its place, ensuring alternative currencies such as Bitcoin and fintech and crypto innovations are allowed to not only exist but also compete as alternative systems to the failing US Federal Reserve system. He also said he would sack 90% of the Feds staff, and that its lack of innovation should not be allowed to use legislation to ban or restrict competition or tax it as the Biden administration has done with the 30% Bitcoin Mining tax.
The BRICS nations now see cryptocurrency as a necessary evil to provide alternatives to the US financial system, and BricsTether.com plans to be a dominant player for not just the 5 BRICS nations but also the 30-plus countries that wish to join.
At Bitcoin Miami, the Australian National Review conducted an Interview with the first millennial Republican Presidential nominee Vikek Ramaswamy, posted to Twitter jamiemcintyre21. They discuss his goal to completely reform the Fed Reserve and his intent to put the FED in its place and to move the USD back to a stable asset-backed coin. He was also asked whether the rise of the BRICS nations planned reserve currency is a threat or can operate in tandem with the USD as a reserve currency.
PayPal’s also just announced a record $1 billion in crypto transactions for Q1, up 30% and USDT announcement that they will invest 15% of their profits into Bitcoin is good for the industry says BRICSTether spokesperson.
PayPal’s record $1 billion in crypto transactions for Q1, up 30% is good for the industry, as is USDT committing 15% of its profits of over $3 billion annually to Bitcoin,said one of its spokesperson via a recent release.
BRICSTether.com has also announced it’s plans to launch a mobile payment app,similar to PayPal and WeChat, to increase mainstream adoption of cryptocurrencies.Strike also just announced the launch of its mobile payments app for fiat to crypto.
BRICSTether is paying holders 10% per annum if they hold it for a minimum of 12 months, or 5% pa, if held for 90 days.
It’s listed on several exchanges already, in Azbit.com and Coinsbit.io and plans listing on larger exchanges this year.
It’s considering El Salvador to gain its licensing and possible headquarters, as many crypto companies.They said they are also open to partnering with companies like We Chat and AliPay, and also PayPal. With many wanting to get their money out of USD and what many fear in more collapsing US banks, a 100% asset-backed stablecoin not exposed to the U.S. banks like USDT and USDC, that pays 10% pa, is very attractive to many, especially those new to crypto, that are concerned about Bitcoin’s volatility