By now we've heard of @FISGlobal, an $HBAR governing member alongside 26 other large corps.
2 of these members Shinhan Bank🇰🇷 & Standard Bank🇿🇦 have tested X-Border stablecoins on $HBAR about a year ago
Though this collaboration is not using $HBAR, rather its using @m10io network⭕️
💸M10 is a FinTech focused on digital payments & currencies for efficiency in banking networks
Aside from FIS they've also landed some other key partners such as IBM (Another $HBAR member)
Looking at the technical development side of the team, we see strong experience in FinTec/Financial Services with positions at IBM, Citi, Verifone, etc
As expected out of a FinTech company building for the future of digital payments👍
But of course theres more...👀🔽
This is the M10 CEO, Marten Nelson. Shortly after he cofounded M10 in Dec 2019, just 6 months later he joined the ITU as a Vice Team Lead in a group heavily focused around "interoperability" 🤔
Let's take a look at how the ITU plans to tackle this issue
ITU is the first specialized @UN agency established back in 1865 for all things communication & information technology.
Its a collaborative from both governments & private sector players with over 193 member countries, 700 sector members & over 150 academias🤯
DCGI stands for Digital Currency Group Initiative. Much like MITs work with CBDCs w other central banks, @Stanford is also working towards the future of digital currencies w @ITU
It'll be interesting to see how they solve these 3 key pillars
🔗AIRU
🔏PG
🧑⚖️SA
Arguably they're another powerful standard setting body. So when we think of "interoperability requirements" whats need?
✅Governance
✅Standardization
✅Regulation
But theres a standard for this already being built out by ISO titled #TC307 $QNT
The whole scope of ISO TC307 is gonna take multiple standard setting bodies. Which is why ITU & ISO are collaborating on the integration of #TC307 together!
So now we have ISO & ITU onboard for #TC307
While the #IETF is building out SAT/ODAP
Things are looking pretty good 👍
In fact, Gilbert Verdian as the founder of TC307 has likely directly had some work with them
While no confirmation, its very likely ITU's DCGI could be using #TC307 for digital currency interoperability, which solves their AIRU pillar🏁
The Head of AIRU department, Julio Faura also has some connections to the development of digital currencies w connections to Santander, Consensys & Fnality
▷ These volunteering experiences are quite interesting too, especially Alastria w their leads to $QNT
You may remember @Danieleidan, hes the senior advisor to @BIS_org & also an AIRU member in the ITU DCGI
If that wasn't enough of seeing ISO X ITU working together to solidify ISO TC307. Meet Ismael
He alongside Gilbert Verdian co-chair @INATBA_org one of the largest blockchain consortiums filled with FinTechs, crypto startups such as $XRP $MNW $VET $ALGO, policymakers, etc
Looking at Ismael's background, some serious work w standards & governing
🌐Not only is he referred to as an EXPERT in ITU for DLT, he also serves as Spains expert to delegate TC307 in that region on behalf of ISO
The @LACChain certification makes it even more interesting👀
So now in ITU we see ties to Spain, Alastria, ISO TC307, Canada, BIS....
I've previously mentioned the connections of $QNT & $LCX to the BoC & MAS w Jasper/Ubin to potentially TC307
@GregLunt27 also highlights the essentiality of Spain in his Meta 🧵🔽
🎉 @BankofEngland is hosting a Q&A on the future of FinTech & Digital Payments
Many connections in here between both UK & Canadian FinTech/Banking infrastructure. But most importantly there seems to be some leads to $QNT connections from some of these members
🪂Lets dive in🧵
If you've been around for sometime researching the sphere of $QNT, you may have seen the name William Lovell pop up before.
Heres what he had to say about Overledger during a @Hyperledger Trade Finance roundtable last year
Another critical piece to the innovation at the BoE is their Head of Digital Platforms, Denis Nwanshi who will likely have a core role in UK CBDC development
Looking at his background he's had QUITE the experience in the world of FinTech development & ISO20022 integration
👩🏫Its on ERC20 cuz $ETH is most adopted chain, it can move to another chain easily. The whole concept of $QNT and the project is to allow seamless interoperability to any chain/system
Having their token accessible to one chain would of been quite ironic
🦄Token not needed
👩🏫This is actually a compliment, they want everything as seamless n easy for enterprises n govts as possible
You can't expect those guys to market buy $QNT just to use Overledger. They give it the fiat option which gets immediately converted to #QNT
We tend to forget $BTC was born out of a recession, this entire asset class was
It's never seen this level of hawkishness in a true recessionary environment
🔵= US YoY Inflation Rate
🟠= US Interest Rates
Will be interesting to see how this plays out
On a side note,
Some of our favorite projects such as $QNT & $LCX have been holding up PRETTY well relative to some majors
Granted they did already take a massive hit, but it shows we're seeing some decent demand @ these levels
🖼They say a picture says a thousand words,
These charts are no different📊
1️⃣USD Index @ 2002 levels, strong $ people hodl $
2⃣SP500 looks like it'll at least retest 200w MA🍆
3️⃣Fed balance sheet hasn't even started QT yet
4⃣GDP Growth @ negative levels