QFS - CROSS BORDER PAYMENT METHODS BY THE QFS NESARA GESARA : DISTRIBUTED LEDGER TECHNOLOGIES

 

DISTRIBUTED LEDGER TECHNOLOGIES 

DLT is a tool for Recording Ownership. 

A Distributed Ledger is a Database of Transactions that is Spread Across a Network of many Computers, rather than stored in a central location. 

It is Consensually shared and Synchronized Across multiple sites, institutions or geographies. 

The participant at each Node of the Network can access the recordings shared across that network and can own an Identical copy of it. 

Any Changes or additions made to the Ledger are reflected and copied to all participants in a matter of seconds or minutes. 

Applied to Cross-Border Payments through a So-called “Hub & spokes” model, users can exchange Fiat money into DLT based tokens held in Digital wallets, through ATM machines, POS Terminals, Online Interfaces, or Other means (i.e., the spokes). 

These tokens are then transferred across borders over a Virtual Currency’s secure network (i.e., the hub) to the Payee’s Digital Wallet. 

Finally, Tokens are Exchanged into Foreign Fiat money, as desired, through the same means as above (again, the spokes). 

The attributes of payment services offered by hub & spoke networks may look attractive to the public, except for three important caveats: 

First, the potentially erratic valuation of virtual currencies introduces risks and could limit their adoption, at least for large value payments; 

Second, the lack of trust in hub & spoke networks could erode their value; and third, the lack of interoperability among networks could keep prices of hub & spoke payments high.