“Changes Begin Today” – Seeds of Wisdom RV/GCR Update(s) from Goldilocks 3-20-23 ~ posted March 21, 2023

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Goldilocks and Seeds of Wisdom

Here are important posts from Goldilocks this morning

The Migration of ISO20022 has gone smoothly in Europe. It looks like the International Payment System that unifies all of the payment systems from around the world is connecting the world as we speak to each other. 

Remember, Europe is the Nation that has more payment connections than anywhere else in the world. It was the nation we had trouble with last November that kept us from moving forward at that time.

Here are a few comments of what is taking place so far today:

“Europe’s T2 and Australia’s HVPS have migrated to #ISO20022. @swiftcommunity (start of the CBPR+ coexistence phase) and @PaymentsCanada (Lynx) have not yet announced whether the transition from MT to MX messages has been successful.”

“Robert Magee, Director of the ISO 20022 Program @AusPayNet: ‘Congratulations to our 50 Participants in the Australian High Value Clearing System on successfully going live with #ISO20022 today. Even though we didn’t get to go live last November, all of our Participants were fully tested, certified and read to go on time. A rare feat, considering that this type of large-scale whole-of-industry initiative is notoriously difficult to deliver successfully.’ (Source: LinkedIn)”

“The #ISO20022 migration in Europe seems to have gone smoothly on the system side. The @ecb reports full functionality for #TARGET2, T2S and TIPS. You can check the current status on the link below.”

It is important to note that the old Financial System is currently undergoing bank failures around the world as the new digital asset-based Trading System is being activated today. 

Look to see the global demand for these ISO tokens to really increase at this point. Their algorithms will create more value in their use over time. We mentioned several of these coins in this room on many occasions.

Changes will begin today, but markets tend to record changes a few days to a week later, rather than, all of the sudden when the switch is turned on.

These new banking coins are to transact digital transactions that will begin to formulate long-term patterns through consistent use, and the banks trust in these long-term patterns will give them the ability to create liquidity in the new QFS.

Anyone invested in these coins will be happy in the near term.