Universal digital payment network presented at DAVOS – Truth Unmuted

(by Tessa Lena | TruthTalk.UK) – Red Date Technology, a company based in Hong Kong, seems to be aiming to take over the world.

Financial Express:

On January 19, 2023, Red Date Technology presented the Universal Digital Payment Network (UDPN) at the World Economic Forum (WEF), 2023, held in Davos, Switzerland. UDPN is believed to be a distributed ledger technology (DLT) platform. which would serve the same purpose unlike the SWIFT network for banks, but for stablecoins and CBDCs.

Extra fix:

A Universal Digital Payments Network (UDPN) for stablecoins and central bank digital currencies (CBDCs) was launched at the World Economic Forum (WEF) in Davos. The network aims to provide interoperability between these digital currencies.

“UDPN has been in development for the past two years with contributions from GFT, Red Date Technology, TOKO and DLA Piper. A sandbox was launched in July 2022, where various banks were actively testing stablecoin transfers and foreign exchange transactions.

The network was launched in Davos with a panel discussing the rapid evolution of digital currency, interoperability and infrastructure. The panel included representatives from Deutsche Bank, HSBC, Standard Chartered, The Bank of East Asia and Akbank.

In June 2021, the company closed a “series A” “factory” financing round.

The round was led by Prosperity7 Ventures (Aramco Ventures’ diversified growth fund) and Hong Kong-based blockchain investment firm Kenetic. Other participants include Bank Pictet (Switzerland), which invests on behalf of its clients, and Bangkok Bank.

I’ve added the hyperlinks to the quote, if you can’t access the Bloomberg article on Banque Pictet, try here. Banque Pictet is described as the most “secret” bank in the world for the richest people. Hmm.

Meanwhile, the newly created Twitter account for the (possibly) future financial giant has only about 80 followers (it had 78 a few hours ago). They don’t follow anyone (what they follow is Twitter itself).

So we are witnessing history in the making or a giant hoax, although come to think of it, a lot of world history thus far has been a giant hoax. So these two are not mutually exclusive, especially if we comply. Which we shouldn’t. But to not comply, we need each other and use our hearts. I don’t know any other way.

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