CurrenCy Matters

BRICS Summit 2023

FedNow Launches

Brazil, Russia, India, China, and South Africa - Following the trend of countries seeking reserves away from the US Dollar, BRICS recently announced the launch of Gold backed currency. Ahead of the upcoming BRICS Summit in late August, Russia confirmed the launch of a gold trading currency which will surely impact the gold market. Over 41 countries recently applied including

Amazon Clinic Debuts

Launched by The Federal Reserve, FedNow is reportedly designed to modernize the way bank funds are transferred in America. Unlike CashApp, Apple Pay and other peer to peer payment services, FedNow is a service the Federal Reserve makes available to banks. The banks will build the service into their back end. Your financial institution has to sign up to participate in order for you to receive payments or send payments in mere seconds. The Federal Reserve provides this option to banks for free, although it’s at the bank’s discretion if they add a surcharge to account holders. FedNow operates 24/7 and as of now, it’s not mandatory for banks to participate in the program. At press time, there’s about 35 institutions participating out of thousands.

Amazon Clinic was initially available in only 32 of 50 states, is now available 24/7 to customers in all 50 states and Washington, D.C. The clinic will treat common health issues as well as offer birth control and emergency contraception. Available via the mobile app, patients will have the ability to complete video visits to have their concerns addressed. It’s the behemoth’s third venture into the medical space since launching Amazon Pharmacy and One Medical Centers.