Thunderhawk: Blockchain coming to a Walmart near you!
Family this is the first time we see evidence of this new technology offered publicly.
Following the digital payment system is the road to your success.
DOC WHAT SAY YOU DOC did you catch that Digital wallets?
I wonder where we heard that before....
MMMM later this year Blessings ThunderHawk
BACKDOC: WELL, HOW MANY MONTHS AGO WAS IT THUNDER THAT I SAID YOUR PHONE WOULD BECOME YOUR WALLET SOON? HEE HEE I GUESS I WAS RIGHT!
LOL TO PUT THIS IN PERSPECTIVE THUNDER WE KNOW FROM OTHER ARTICLES THAT THE INTERNET WILL BE COMPARTMENTALIZED INTO DIFFERENT AREAS FOR SECURITY.
THE PART OF THE INTERNET THAT WILL MOVE PAYMENTS DIGITALLY WILL BE SEGMENTED INTO DIFFERENT AREAS CALLED SANDBOXES. ONE OF THOSE SANDBOXES IS THE AREA CALLED FINTECH!
FINTECH WILL ENCOMPASS MANY BIG BANK PAYMENT SYSTEMS LIKE THIS ONE! THESE WILL MOVE MONEY DIGITALLY AROUND THE COUNTRY ON THESE BLOCKCHAIN PLATFORMS! APPLE PAY WILL ALSO BE DIGITAL AS WILL OTHERS!
THE REALLY COOL PART WAS THAT THIS WILL BE IMPLEMENTED THIS YEAR! SLAP! MCFLY!
DO YOU REALIZE FOR THIS TO HAPPEN WE ALSO HAVE TO HAVE THE WHOLE CURRENCY PLATFORM LAUNCHED IN DIGITAL TO THE PUBLIC! THIS IS WHAT WE HAVE BEEN TRYING TO TELL YOU FOR SOME TIME!
REMEMBER THE IMF SAID THEIR LOAN REVIEW FOR IRAQ WOULD CONCLUDE ON NOV. 7TH OR DECEMBER 7TH, THEREFORE WE NEED TO SEE A 8TH LAUNCH OF SOME SORT TOWARD THAT ENDEAVOR.
THIS MONTH OR NEXT, THOSE DIGITAL PAYMENTS SHOULD BE UP AND RUNNING!
WITH THE COUNTRY CODE (IBAN) IN PLACE, IRAQ LOOKS TO BE READY TO MOVE MONEY CROSS BOARDERS.
WILL THE ELECTION, EMAIL SCANDAL, AND MARKETS READY TO REPRICE BE ENOUGH OF A BIG DISTRACTION TO RELEASE THIS NEW DIGITAL REALITY? YES! IMO 8@8, DOC IMO
Thunderhawk: JPMorgan plants digital payment flag at Wal-Mart
JPMorgan Chase & Co is putting its "Chase Pay" digital wallet on Wal-Mart's website and in the retailer's Walmart Pay app, hoping to give customers more ways to make purchases without cash, a bank executive said on Thursday.
Kevin Watters, chief executive officer for cards at JPMorgan, said at a conference the bank is trying to make sure its Chase cards are an option for customers who want to make digital payments.
Payments with smartphones and digital wallets, such as Apple Pay, probably won't account for even 1 percent of transactions "for a while," and will ultimately catch on in unpredictable ways, Watters said.
"We want our card to be wherever our consumers want their card to be," Watters said.
As Watters began to speak, the bank said it reached an agreement with Wal-Mart Stores Inc allowing shoppers to be able to use Chase Pay. The service is to be launched later this year.
The bank has already made deals with Best Buy Co Inc and Starbucks Corp to accept Chase Pay.
One year ago JPMorgan said it was starting to make deals with merchants to accept Chase Pay and expected to begin marketing the wallet to consumers this past summer, but the rollout has gone more slowly than the bank had hoped.
With a digital wallet, a person can use a computer or smartphone for e-commerce transactions.
PappaJ: Thunderhawk good to see you brother thank you for posting this I can't wipe the smile off my face this is huge this is what we've been waiting for praise Yahweh. this solidifies MUCHO FOR 2016!
Thunderhawk: LOOKS LIKE OUR OWN GOVT. WILL BE FINANCING THE IRANIAN JET DEAL! HOLY COW!
BACKDOC: WITH ALL THE DRAMA OUR HOUSE AND SENATE MADE OVER THE IRAN SITUATION IT SEEMS INCONCEIVABLE FOR THEM TO DO A DEAL WHERE THEY FINANCE THE DEAL AND THE IRANIANS CAN'T EVEN PAY US BACK IN DOLLARS SINCE THEY ARE NOT ALLOWED ACCESS TO OUR SWIFT SYSTEM!
SINCE SWIFT IS MERGING ITS SYSTEM WITH THE CIPS ANYWAY ITS JUST SIMPLY A POLITICAL SHELL GAME!
WHAT'S REALLY IMPORTANT HERE IS THAT THE TRIGGER FOR THIS DEAL TO HAPPEN IS THE ARRIVAL OF THE DIGITAL SYSTEM PUBLICLY TO THE U.S.! AS WE EXPECT, THIS MONTH ON THE 8TH OR NEXT MONTH ON THE 8TH WILL WORK, WON'T IT? HEE HEE DOC IMO
Thunderhawk: Backdoc Alert
U.S. EXIM jet financing could resume in December, official says
The U.S. Export Import bank may win legal approval to resume export financing for Boeing Co (BA.N) passenger jets as early as December, a senior official at the agency said on Wednesday.
The bank, which provides financing for many U.S. exporters, is currently unable to agree new business for large jets because only two of the five seats on its board are filled, not enough to approve deals over $10 million.
Robert Roy, vice president of EXIM's transportation division, told financiers in Hong Kong that there were indications that legal changes needed to reopen the system of jet financing, opposed by some conservatives, could happen soon.
"We are pretty certain that in December, we will be able to meet with a quorum of two," he told the Airline Economics conference, adding that he had three to four transactions waiting to be considered as soon as the changes were adopted . http://www.reuters.com
BACKDOC: COULD CHINAS' ANNOUNCEMENT ON THE 7TH ADD TO THE DISTRACTIONS THAT SEEM TO BE BUILDING FOR THE 8TH?
MMMM DOC IMO
Thunderhawk: Backdoc Alert
China May Be Set for a Shock Fall in Foreign-Exchange Reserves
Beijing was embroiled in a spate of frenzied dollar-selling last month as capital outflows and a depreciating yuan saw foreign-exchange reserves tumble by $80 billion, resuming 2015's sharp declines in the country's monetary war chest after a period of relative stability between February and September this year.
That's the prediction of analysts Khoon Goh of Australia & New Zealand Banking Group Ltd, and Jens Nordvig of Exante Data LLC, a data-driven macro research firm, who reckon markets have underestimated the likely scale of currency intervention by the People's Bank of China in light of the fall of the yuan relative to the dollar.
Estimating the drop at $80 billion, they reckon Chinese currency reserves fell in October by more than four times the decline registered in the previous month. Their projection is in stark contrast to the median forecast of economists surveyed by Bloomberg, who expect a decline of $26 billion when the People's Bank of China releases the data on November 7.
"China’s FX reserves for October is likely to post a much bigger decline than what the market is expecting," Goh, head of Asia research at ANZ, wrote in a note on Thursday. "The drawdown in reserves in the month will be driven by FX intervention, negative currency valuation effects, and capital loss on fixed income investments," Goh concludes.
Nordvig's model uses real-time yuan trading data to forecast that foreign-currency reserves fell in October by the same margin estimated by the ANZ economist, an order of magnitude similar to falls in January 2016 and August 2015, which was fanned by concerns over the outlook of Chinese's currency and liquidity challenges.
"We have not seen such a large imbalance in the FX market since the first week of January, when markets were in a state of panic," Nordvig, a former head of currency research at Nomura Holdings Inc., wrote in a note to clients on Monday. The analyst, who was ranked top currency strategist by Institutional Investor between 2010 and 2015, estimates Chinese authorities sold $19.5 billion of foreign currency-denominated reserves to stabilize the yuan in the week of 24 October alone.
"In other words, there are notable cracks emerging under the surface: the fairly orderly depreciation of the Chinese currency over the last few weeks has been achieved only in the face of an aggressive currency intervention by the Chinese central bank," the Exante CEO wrote.
Goh estimates intervention costs at $35 billion and the effects of the yuan's depreciation — at $30 billion. The currency is down 4 percent this year against the dollar. Combine these figures with an estimated $15 billion mark-to-market losses on China's reserve portfolio, in the wake of the October bond rout, and China's FX reserves will tumble by $80 billion to $3.086 trillion, Goh concludes.
That projection is an outlier relative to consensus.
"I don't think that China would have a dramatic blowup" in its foreign-exchange data for October, Zhou Hao, economist at Commerzbank AG in Singapore said in a phone interview, estimating a more modest FX drawdown of $31 billion.
But Zhou cites the potential for elevated pressure on reserves over the next two months if the U.S. election paves the way for dollar strength and a Fed rate hike in December.
"We do not see reserve adequacy as an issue for China," Goh concludes. "But markets may start to get some angst if the headline FX reserves start to threaten the psychological $3 trillion mark."
While bevy of economic data over the past month paints a flattering picture on the Chinese real economy — feeding global optimism that disinflationary forces are abating — the apparent calm in the Chinese real economy belies the storm in an imbalanced currency market, testing the People's Bank of China's appetite for intervention.