MARKETHIVE – Entrepreneur One Upgrade Explained – UPDATED 2024

Markethive’s Entrepreneur One Loyalty Program takes on a new meaning and concept. 

Loyalty programs have become second nature and intrinsically crucial to many businesses and us as consumers, starting way back in the 1970s when airlines offered frequent flyer points. There are now many loyalty programs; however, the point program is the most common, where customers accumulate points to redeem rewards. 

Loyalty programs were introduced to increase the customer base and the company's bottom line and create the potential for loyal consumers and repeat business. 

The image below illustrates the top 5 categories in which loyalty programs have been successful. Where the Spending has increased, loyalty programs are fundamental to our daily lives—one way we can save money is by joining their loyalty program. As customers, it's very satisfying to know we've saved money, but is there a way to make money? 
 

 
Make Money with Markethive's Hybrid Loyalty Programs

Loyalty Programs have evolved online, with Markethive at the forefront. It embraces the loyalty program concept and enhances it with the opportunity to earn a significant income and rewards. Markethive will continue to offer loyalty programs such as the Entrepreneur 1 Loyalty Program and Bounty Program. 

The E1 upgrade includes products and services like Press releases, Banner Impressions Exchange, banner and video advertising, and matching coin bonus airdrop. Then there's the Vault, even gamification, and much more as we continue to improve and enhance the incentives for Markethive members to achieve their personal and business goals, resulting in your financial legacy and self-sovereignty.

The Entrepreneur 1 Loyalty Program 

Subscription Cost: $100 per month

The Entrepreneur Loyalty Program is E1 (Entrepreneur One Upgrade) and is available now but for a limited time. Each E1 Associate receives 1/10th of an ILP (Incentivized Loan Program) after 12 months of consecutive payments of $100 per month. Even when this closes, you will never lose your E1 status or the benefits, providing you stay current with your monthly payment. The 1/10th or 10% share of 1 ILP will accrue yearly, provided you are active for ten years until you have acquired one full ILP. The retail revenue allocation of Markethive's products and services E1s receive will easily cover your E1 monthly subscription. 

Here Are 17 Extra Advantages of the Entrepreneur One Upgrade

The Entrepreneur One Upgrade is the highest premium level you will ever have the opportunity to acquire. It contains all the leveraged advantages you need to accelerate your success in Markethive. Apart from the 1/10th ILP you receive after 12 months that accumulates every year after that, providing you stay current with your monthly subscription of US$100, you also qualify for the following: 

1. Associates Control Panel: Gain complete data, their social networks, verified phone and text, verified email, and a contact management system that tracks data, stores dated notes, sends messaging and calendars events reminding actions on your Markethive calendar like callbacks, email, etc. with the Associates' Control Panel (Part of your Friends section)
 
2. Primary Matching Airdrop Bonus: Receive a 100% matching bonus from the new registration Airdrops. This can be a significant reward for those that aggressively build "associates," the term used for the leads, Markethive provides (profile page and default capture page). Our first infinity airdrop will be 500 Markethive Tokens (MHV). 

It doesn't take a lot of effort to offer a powerful and valuable system like the Markethive system. This system also rewards new members with an immediate 500-MHV token airdrop. You can easily promote this and build thousands of referrals, building your Hivecoin portfolio and customers.
 
3. Secondary Matching Airdrop Bonus: When your associate customer upgrades to Entrepreneur, we airdrop them 100 MHV tokens, and you will also receive 100 tokens as a matching bonus.
 
4. Matching ILP Loyalty Program:  You also get an equal ILP share after 12 months of continuity with the Entrepreneur program. Like an ICO, your monthly payment is accrued, and if you stay current for 12 straight months, we contribute a full 10% ILP and continue to offer this 12-month reward for ten years or your stop payment. This offer is limited to the first 1000 active upgrades.
 
5. Banner Impressions Exchange: You also get unlimited 1st level Banner advertisements in all our traffic portals and Internet properties. This offer is precious as it's considered prime real estate. Markethive properties are already receiving significant traffic, and as we grow, this traffic is included with the Entrepreneur 1 upgrade. Each E1 member gets an equal share of the total impressions from the massive traffic Markethive receives. 

Markethive has released the first of many money machines, the Banner Impressions Exchange (BIX). Non-Entrepreneur 1 members can purchase banner impressions from the active Entrepreneur 1 associate who wishes to resell their impressions. These banner slots will only be available to buy from current Entrepreneur 1 members. Now that's a cool little business right there! 
 
The Banner Impressions Exchange is where any E1 associate can create a Banner Ad business within the Markethive system by listing unused Banner slots/impressions up for bid. Choosing to transact with MHV is very easy, as payments are automated within the system. You may also transact using BTC, ETH, Paypal, and others; however, you must manage the transactions as the seller.
 
 6. Press Release Program: Markethive will also be delivering a Press Release system as a hybrid like PRNewswire (traditional distribution) to include Forbes, Yahoo! Finance, CNNMoney, MarketWatch, TheStreet.com, Bizjournals.com, Business.com, Wired, Tech Crunch, Engadget, Computerworld, CNET News, InformationWeek, R&D Magazine and more in the Tech industry. Our media list will include over 4000 media organizations, journalists, reporters, bloggers, producers, freelance writers, and editors across print, online, blogs, radio, and television.

 It will also publish to our growing social network followers (146,500 and growing via MH subscribers) and increasing WordPress blogs. When Markethive reaches 1 million members, our Social Following is projected to be at (700,000 – 2 million followers total) and about 150,000 WordPress sites. 

These WordPress sites will be mini news media and vertical news media like https://aimhigh.news, and they will be published on Markethive's portfolio of sites like https://Markethive.com, https://Markethive.net, https://allaboutco.in, https://aboutbitco.in, and https://aboutco.in.
 
Cointelegraph, a vertical tech news media organization, charges about $8,500 per release with an Alexa rank (2,622), social followers (1.3 million), and 16,000 subscribers, which justifies their price. Markethive's press release will be priced accordingly and increase as our subscribers' reach grows. The second-biggest digital news media site to Cointelegraph is CNN, with an Alexa rank (15,665) that charges $1800 and only posts to their leading site front page.

The Entrepreneur One Upgrade will include one Press Release per month for life as long as your Entrepreneur One Upgrade remains active and current. The free press release does not roll over, although additional Press releases will be discounted.

7. Sponsored Article Program: Sponsored content is a piece of brand journalism that lives on a publisher's website. The publisher's staff usually writes it so the article matches the rest of their content's tone and voice. The sponsored article is published in the same distribution as Markethive articles. Plus, notifications of articles are sent to our social network and 1000s of connected WordPress sites. Sponsored articles run from high-end media sites like Cointelegraph for $7500 to an average of $1200 for most other media systems in the general markets.
 
8. News Feed Boost: Entrepreneurs get one monthly news feed boost (publish a post to the entire membership). This does not accrue.
 
9. Co-Op Customer Acquisition Program: Markethive strategic campaigns will designate 60% to 80% of our revenue into Marketing and Advertising campaigns. These campaigns will point to Markethive assets like:

• Markethive.com
• Markethive.net
• Aboutco.in
• Allaboutco.in
• Aboutbitco.in
• Ewav.net
• Iwav.net

Traditional Customer Co-Op programs charge $50 to $100 per customer. Cooperative marketing programs foster teamwork between a brand (Markethive) and its channel partners (Markethive Subscribers), who often don't have large marketing departments. 

Markethive is more equipped to create professional advertisements and manage media placement. Markethive Entrepreneur Upgrade subscribers generate demand, and Co-op marketing programs take advantage of the sales channel's local presence. This benefits both the partner and the brand.
 
10. Commerce Portals: To sell on our commerce portals, like Big Kahuna (a website builder like WIX), Beelancers (a freelancer service like Freelancers), and Markethive Exchange (a full-service crypto exchange like https://idex.market/), you must be an active Entrepreneur One Upgrade to sell or trade. This eliminates processing fees and commissions on Freelancers, Upwork, Guru, etc. 

Buyers have no obligation other than free registration with Markethive. This change in services where it is traditional to be constrained into the platform and pay high processing fees and commissions are eliminated with the Markethive Entrepreneur Upgrade system.
 
11. Crowdfunding Portal: If Markethive engages (and we will likely engage) with a crowdfunding campaign, it will be promoted to top crowdfunding systems like ICOranker, ICObench, Tokentops, Airdrops.io, and Cryptoslate.com. We will share the campaign traffic via all Entrepreneurs through our crowdfunding portal @ Markethive.io and give all Entrepreneur Upgrades their self-replicated portal to help in the campaign. 

These portals will earn equal matching shadow shares if they bring in new ILP purchases and acquire new members as traffic portals.
 
12. Texting: Ability to send a text to your Associates. Limited to one per day per Associate
 
13. Upgrade Groups to Supergroups: Supergroups (formerly Storefronts) have landing pages, forms, and shopping carts designed to act as a vertical eBay or Affiliate portal.
 
14. Advertise to the Calendar: Publish events to your calendar, which is included on the main Calendar page within Markethive.
 
15. Video Advertising: Entrepreneur One will include a video ad portal similar to the banner portal.

16. The Entrepreneur One Exchange (E1X): The E1 Exchange is explicitly designated for the E1 associates. Once the E1X is integrated and active, the Entrepreneur One Upgrade will not be available for any new or free members from the Markethive administration. However, they can be acquired through our E1X from current E1 associates who decide to sell their accounts. There's no restriction on the number of Entrepreneur One subscriptions you can own to benefit from multiple memberships. If you have numerous E1 subscriptions, you'll receive the corresponding number of bonuses, such as the ILP and HVC, for each membership you hold. 

As we move closer to the official release of Hivecoin, E1 Exchange, and associated implementations within the Markethive system, the Entrepreneur One Upgrade will only be available to bid and purchase from E1 associates who hold multiple E1 subscriptions, should they choose to sell one via the E1 Exchange (E1X). 

17: Promo Code Reward System:  The Markethive.net Promocode site is a comprehensive website with navigational links to white papers on many aspects of Markethive and exclusive to the Entrepreneur One Status. The white papers listed include the Role of Community, Markethive Broadcasting, Business Liability, Inbound Marketing, The ILP,  and the Traffic Report. The E1 members are allocated promocodes from the company with maximum value to incentivize new referrals with an offer of various Markethive products. The Promo Code is an excellent initiative for referrers and referrals. This welcome bundle may include complimentary Wheel of Fortune spins, free Boosts, a 30-day trial of the Premium Upgrade, banner impressions, Markethive Token Airdrops (MHV), or a redeemable value of Markethive Credits (MVC). Certain Promo Code offers include referral incentives, where the referrer can earn matching bonuses. 

This article explains the four different Markethive tokens in more depth and the potential of Hivecoin, Markethive’s primary token for transactional activity or trading on crypto exchanges. All of these E1 advantages are, in effect, money machines that will increase your earning potential and economic growth to have a lasting legacy for you and your family. 

Let's Look At The Numbers Of The ILP Income Potential

The E1 Associates' share of the ILP represents 20% of the net revenue of Markethive, and based on actual internal statistics and tracking, the projections indicate that by 2023, a member base of 500 million will yield a monthly income of $5.6 billion. 20% equals $1.2 billion allocated for the ILPs, divided by the maximum of 1000 ILPs, and returns a $1.2 million payment per ILP. 1/10th of that ILP (earned via the E1 upgrade) returns a monthly dividend of $120,000. 

Even external statistics confirm Markethive's projections. For example, according to Google's Alexa Ranking (now deemed redundant), Markethive was ranked 3,797 at the time of this original publication in 2020. This shows that Markethive is among the top three similar sites in the industry. Blockchain technology and cryptocurrency have made it easy for Markethive to pass on the benefits and wealth to the community. 

This opportunity to upgrade to the Entrepreneur One loyalty program, where you will receive a 1/10th iLP every year you are active and current, will soon disappear, so don't miss out. Instead of a few investors taking the lion's share of the profits like all other platforms, Markethive allows you to be part of the early adopter phase. You will own a piece of this next-generation social market network that includes everything you need to be successful online. 
   
It's not about the bottom line for Markethive; it's about you, the member, the "rank and file." You are a virtual owner of Markethive; it's your company where you receive valuable tools and considerable returns from the ILP. The ILP is on track to commence revenue payments early next year and will grow as Markethive grows.

Moving Forward

As Markethive moves forward, we will introduce some entry-level loyalty programs offering extra fundamental services for those who cannot upgrade to the Entrepreneur 1 level. Stay tuned for that. The Premium Upgrade will be available at an entry-level cost, a fraction of an E1 upgrade; however, it will not include the ILP increments. 

And, of course, don't forget about the Referral Program that will unlock your Micropayment Faucet System. The Bounty program, Hive Rank, and gamification activities in the Markethive ecosystem make it fun and exciting and increase your earning potential within the hive. More about this will be discussed in upcoming articles as they roll out.
 
Everyone Succeeds

Markethive truly wants everyone to succeed. Our consumer coin, Hivecoin (HVC), was created on the Solana Blockchain Network, making this a reality and very much the future of social market networks. Now, there is a place to earn real online income while doing what you love. 

You can feel safe knowing your data is protected, and self-sovereignty is paramount in this collaborative environment. You are respected as an individual, and your loyalty will be rewarded as Markethive is on track, on time with its milestones, and set to deliver the additional promised services. Markethive’s traction is increasing exponentially, and it’s all coming together as the next-generation Market Network in a league all of its own.

The Entrepreneur One Upgrade is a reciprocal blessing of a divine vision. 

We have just delivered Version One of the new newsfeed. We are getting very close to completing the remaining milestones, which include the E1X, KYC-Login system, Promo Code reward system, Premium Upgrade, and Conference Rooms. Once complete, the Entrepreneur One Upgrade will not be available from Markethive, the company. It's time to consider securing your financial future by grabbing an E1 now! Doing so makes you a shareholder, early adopter, and pioneer in creating this Divine Vision. The more E1s we have contributing, the faster the road to the success of our entire community. 

How can you forge your future as an Entrepreneur and get your share of ILPs with the Entrepreneur One Loyalty Program? By clicking on the Membership Upgrade tab on your home page. A popup will prompt you to become an Entrepreneur One Associate with seamless navigation and ease. 

Take advantage of the Markethive meeting held on Sundays at 8 a.m., as Markethive founder and CEO Thomas Prendergast will reveal much more as we move forward with the final launch of the fundamentals, bringing Markethive into its own and setting it on the path of the final harvest. Attending the meetings can be beneficial, as Tom is known for generously distributing Hivecoin to those present. 

BRICS Countries Advancing with a New Payment System. A Breakthrough for Global Commerce Potentially Disrupting the Dominance of the US Dollar

Recent headlines suggested that the longstanding 50-year agreement between the United States to exclusively price oil in US dollars had expired, sparking concerns that the era of the Petrodollar may end. Despite initial fears, it was later confirmed that this information was inaccurate. Nevertheless, significant developments occurred during this period as BRICS introduced a new payment system, and Saudi Arabia subsequently became a participant in this initiative.

A potentially game-changing development is on the horizon as a consortium of emerging nations, known as BRICS, prepares to unveil a new payment system, which it has been working on for years and is based on the Ethereum blockchain. This innovation, with its potential to disrupt the US dollar's dominance, could signal a long-awaited breakthrough for global commerce and provide relief to countries struggling with crippling economic sanctions and the exploitative petrodollar system.

BRICS Explained

BRICS stands for Brazil, Russia, India, China, and South Africa. The original acronym was BRIC, coined by former Goldman Sachs Economist Jim O'Neill in 2001. At that time, four countries were involved. O'Neill's forecast suggested that these countries would experience significant economic expansion by 2050 due to increasing populations, low labor costs, and abundant natural resources.

Geopolitical dynamics and fluctuations in commodity prices also played a significant role. The timing coincided with China's accession to the World Trade Organization and strong commodity demand for developing countries aligning themselves with the US. However, as a previous article on the BRICS nations noted, this dynamic began to shift following the global financial crisis. As Xi Jinping took the helm, China began to chart its course, coinciding with a sharp decline in commodity prices.

Unsurprisingly, Wall Street's sentiment regarding the BRICS shifted. Despite this shift, the article highlighted that the underlying factors that initially drove Goldman Sachs’ optimism about the BRICS remain unchanged. The BRICS countries still have growing populations, low labor costs, and commodity abundance. The only element missing in this equation was a vital commodity market. Some may have noticed that commodity prices worldwide have been rising over the last few years, increasing the geopolitical power of the BRICS. 

It's also no surprise that the general public has begun to take notice, but many Western elites remain in denial about the resurgence of the BRICS nations. Despite this skepticism, the BRICS nations have continued to make significant strides, impressing with their resilience and determination. 

Consequently, accessing reliable information about these countries' developments has become a challenge, especially for those living in Western societies. This scarcity of credible details makes it even more daunting to stay informed about pressing issues, and one topic that has garnered significant attention is the prospect that the bloc will launch its shared currency to rival the US dollar. 

Numerous sources suggest that gold or cryptocurrency might support the proposed BRICS currency, yet no proof exists to confirm its imminent arrival. Upon examination of the origins of these reports, it becomes apparent that they mainly consist of informal remarks by officials from BRICS nations or concepts that have yet to progress beyond the initial proposal stage.

For the time being, establishing an actual BRICS currency is not a current priority. However, developing an alternative payment infrastructure is definitely under consideration. It's essential to note that a BRICS currency and a BRICS payment system are two distinct concepts. A BRICS currency would be akin to the US dollar or the euro. In contrast, a BRICS payment system refers to a network of payment channels that can facilitate transactions in any currency.

Russian companies have been engaging in trade with Chinese companies by utilizing the USDT stablecoin from Tether, which is linked to the value of the US dollar. This development is highly noteworthy as it brings attention to a significant issue. The challenge the BRICS countries face is not the US dollar itself but rather the infrastructure for carrying out financial transactions on which the US dollar relies. This significant issue is represented by SWIFT, which is recognized as the most extensive payment system globally.

Evidently, SWIFT's allegiance lies with Western nations, and it's been increasingly used as a financial weapon to exert and restrict transactions to specific entities. In reality, the SWIFT system poses a more significant challenge for the BRICS nations than the US dollar itself. Consequently, the BRICS have been actively developing a substitute for the SWIFT system.

This new payment system was unveiled during a week when the media was abuzz with speculation about the impending demise of the US-Saudi oil agreement. Interestingly, Saudi Arabia joined the BRICS payment system just before the rumored expiration date, a move that could potentially shift the balance of power in global trade. 

It's tempting to suspect that the frenzy surrounding the US-Saudi oil deal was intentionally exaggerated to divert attention from the fact that BRICS had introduced a rival to SWIFT. This development has far-reaching implications, dwarfing the significance of any oil deal or BRICS currency. If the BRICS payment system gains widespread adoption, it could potentially dislodge the US dollar from its dominant position.

Source: Central Banks Payment News

BRICS Payment System

The BRICS Payment System, known as mBridge, was developed by the central banks of Thailand, Hong Kong, China, and the United Arab Emirates in collaboration with the Bank for International Settlements (BIS), often referred to as the "bank for central for central banks.” Notably, mBridge is a digital currency platform that utilizes Central Bank Digital Currencies (CBDCs). The BIS has been instrumental in supporting central banks globally in developing and implementing their respective CBDC systems.

Those familiar with CBDCs are likely aware of their unsettling implications, as they grant governments and central banks unprecedented control over individuals' financial decisions, habits, and savings limits. However, it's worth noting that CBDCs come in various forms, each with distinct characteristics and intended uses.

CBDCs have two categories: retail CBDCs, intended for public use, and wholesale CBDCs for a select group of individuals and organizations. The mBridge system falls under the latter category, designed exclusively for institutional use. As previously noted, mBridge is built on the Ethereum network, essentially replicating its architecture. It utilizes a blockchain called mBL, written in Solidity programming language, and employs the Ethereum Virtual Machine (EVM) to execute smart contracts.

A critical distinction between Ethereum and the mBL lies in the mBL's private and restricted access. Utilizing the mBL is exclusive to central and commercial banks, which also control the network's infrastructure. Specifically, participating central banks operate as de facto validators, while participating commercial banks act as de facto relays, overseeing data flow within the network.

Another critical distinction between mBridge and Ethereum is their transaction speeds, with mBridge appearing much faster. This is attributed to its innovative Dashing consensus protocol, developed by Chinese researchers, which validates blocks by inspecting random segments rather than the entire block. The primary objective of mBridge is to empower users to circumvent the existing US-dominated financial infrastructure. This includes sidestepping the SWIFT system, avoiding all intermediary banks in cross-border transactions, and trading the US dollar in Forex. 

The US dollar is a bridge currency, especially for large transactions. For example, if you want to swap a large amount of New Zealand dollars for Canadian dollars, you'll have to swap New Zealand dollars for US Dollars and then US dollars for Canadian dollars. That's because it's not always possible to trade large amounts of New Zealand dollars directly for Canadian dollars. 

Using mBridge, you can convert New Zealand dollars to Canadian dollars in a seamless, direct transfer between New Zealand and Canadian banks. The mBridge network system bypasses the need for the US dollar as a bridge currency, eliminates the involvement of intermediary banks, and circumvents the traditional SWIFT infrastructure, marking a significant breakthrough.

Source: Cointelegraph Magazine

Besides facilitating international trade, removing the US dollar as the bridge currency means the demand for tens of trillions of dollars from large Forex transfers disappears. Simply put, the reduced reliance on the US dollar for international transactions substantially decreases demand, undermining the currency's value. As with any asset, the value of the US dollar is ultimately determined by the balance of supply and demand. Suppose the demand for US dollars dwindles as countries turn to alternative currencies for Forex transactions, coupled with a steady or increasing supply. In that case, it will inevitably lead to a decline in value.

To the many who believe a retail CBDC for the general populous is dystopian, including the presumptive 47th POTUS, Donald Trump, this report from the BIS CBDC survey indicates that central banks are shifting their focus away from retail CBDCs and toward wholesale CBDCs and this is likely a saving grace for us. The data reveals that 94% of central banks are more inclined to launch a wholesale CBDC than a retail one, sparking speculation that this shift may be driven by a desire to participate in the mBridge initiative.

Source: Bitcoin Magazine @ X

BRICS Endgame

The BRICS nations' financial plans have taken a significant step forward in conjunction with Saudi Arabia's recent announcement of joining the mBridge initiative. The BIS announced they would introduce the new payment platform on the same day. The BIS also reported that the number of observing members, such as central and commercial banks, who are interested in joining mBridge has increased to 26.

The significance of this development goes far beyond the adoption of mBridge. Notably, the BRICS grouping recently expanded its reach by inviting six nations to join its expanding network, now dubbed BRICS Plus. The invitees were Egypt, Ethiopia, Iran, Saudi Arabia, the UAE, and Argentina. It is worth noting that all of these countries, except Argentina, accepted the invitation. Argentina's decision to decline is interesting, particularly in light of the perceived alignment of its new president, Javier Milei, with the Western bloc.

Regardless of the circumstances, it is intriguing that Saudi Arabia's intentions regarding BRICS membership have been shrouded in ambiguity, sparking curiosity. The media has reported conflicting news, with some sources citing official statements to claim that Saudi Arabia has joined the group, while others, also referencing official sources, assert that it has not.

The proverbial expression holds that actions speak louder than words, and Saudi Arabia's decision to become a part of mBridge clearly demonstrates this. Various political analysts have highlighted that Saudi Arabia's ambiguity regarding joining the BRICS is likely a strategic move to avoid antagonizing its Western counterparts. Similarly, India has maintained a low profile regarding the BRICS, which is understandable given that the BRICS doesn't have a formalized structure.

The BRICS, or BRICS Plus, functions as a group of nations from the global South; as mentioned in an earlier publication, no headquarters, official website, or charter outlines its objectives. This could be due to the need for the BRICS countries to create a financial framework before forming an official entity. 

To provide context, it is essential to note that the United Nations, dominated by Western interests, was founded after establishing the Bretton Woods system. A key factor contributing to the Bretton Woods system's dominance was the influence of institutions such as the International Monetary Fund (IMF) and the World Bank, which effectively ensnared many nations in a web of debt denominated in US dollars, often with unfavorable conditions.

If history is any guide, the BRICS should follow a comparable route. As it happens, the BRICS have already taken a significant step in this direction by establishing the New Development Bank (NDB) in 2015, a financial institution analogous to the IMF and World Bank. The NDB stands out as a tangible entity within the BRICS framework, boasting a substantial $100 billion allocated for infrastructure projects and loans. This positioning, in theory, grants the NDB the ability to exert influence similar to that of its Western counterparts, providing critical financial support to countries in need while encouraging them to adopt policies that align with the interests of the BRICS nations.

In practice, the primary challenge lies with the current payment system. If the NDB were to pursue aggressive lending practices comparable to the IMF, it could attract scrutiny from the US and its supporters, resulting in complications for the NDB and its borrowers.  Moreover, providing loans to nations that are not strong allies of the US could also lead to payment difficulties. The mBridge system, however, resolves these issues.

While there is no definitive proof that the NDB will utilize mBridge, several indicators suggest a strong connection. The NDB is headquartered in China and is one of the five founding members of mBridge alongside Hong Kong. Additionally, the UAE, another key player in mBridge, holds a stake in the NDB. Furthermore, Saudi Arabia has been actively seeking to become a member of the NDB since last year, bringing the number of mBridge participants with ties to the NDB to four out of five.

The fifth is Thailand, which has reportedly expressed interest in joining the BRICS partly because of their discontent with the treatment they receive from Western countries. The governance procedure of mBridge still needs to be fully understood. Still, it is known to exist, and most participants are expected to vote to integrate the NDB if the matter arises.

Source: Blockstreet

Looking Ahead: What's Next for BRICS and mBridge?

The future of the BRICS nations and the mBridge payment system is multifaceted. It's essential to note that mBridge is still in its infancy, having only recently launched as a minimum viable product (MVP), which, as the name suggests, is its initial public release. However, it is evident that BRICS primarily serves as an economic endeavor. Furthermore, the increasing number of countries joining the initiative highlights their interest in the financial advantages of affiliating with major commodity producers, underscoring the profound importance of mBridge.

The primary factor behind the substantial value of the US dollar is its necessity in global trade, particularly for purchasing essential commodities such as oil that are denominated in dollars. This raises a significant question: As a nation, do you require the commodities themselves more, or do you need the dollars to acquire them?

The degree to which a country relies on US dollars is primarily determined by its natural resources. Nations with an abundance of exports, such as oil or minerals, tend to be less dependent on the US dollar, whereas those with limited resources often rely heavily on it. This dynamic significantly impacts global politics, leading to a predictable pattern of geopolitical alignments. Nations with solid commodity reserves wield greater independence and are more likely to challenge the US and its allies, whereas those without must form alliances with the US to ensure access to the dollar.

However, it's important to note that the focus is not solely on the US dollar per se; it's the rails on which it runs. The primary purpose of mBridge is to provide nations lacking in commodities the ability to buy these goods directly from producers, bypassing the need for US-dominated infrastructure. In other words, this platform grants them liberation from American influence, empowering them to act with greater autonomy.

This value proposition is quite appealing because, like most individuals, most nations desire to be independent and avoid getting involved in conflicts between major powers. They aim to exist peacefully, and mBridge offers them the means to maintain neutrality. However, implementing this may pose challenges, leading to intriguing situations. A notable instance is the extensive financial sanctions imposed on Russia, hindering its ability to utilize US dollars in trade and forcing it to rely on the currencies of other trading partners.

In the previous year, a Russian official disclosed that Russia had collected a substantial amount of Indian rupees from selling oil to India. Typically, Russia would exchange these rupees for US dollars, which could then be spent on goods from other nations. However, this is no longer an option. As a result, Russia is limited to using these rupees solely to buy goods from India, despite already having most of the products India offers.

India's major export is petroleum products, which Russia already has in abundance. India's other export offerings, such as rice and textiles, are limited in their appeal to Russia, which already meets most of its needs in these areas. It's akin to having an open-ended line of credit that can only be used at a single store that predominantly sells items you already possess in abundance.

A critical challenge comes to the forefront as the mBridge system expands to include more currencies. This will lead to the necessity of introducing a bridge currency similar to the US dollar. This is where the conflicting information regarding the BRICS currency begins to clarify. 

While there has been a widespread belief that the BRICS currency would be accessible to the general public and function as a standard retail currency, it is more probable that it will be utilized on a wholesale level within the confines of the mBridge system, exclusively by the central banks and commercial banks involved in the system.

Source: Rich Turrin Substack

The primary function of the BRICS currency is likely to prevent countries from accumulating large amounts of any given currency. The concept of a commodity-backed BRICS currency becomes more plausible when viewed as a bridge currency within the mBridge platform. Moreover, establishing this currency will enable smaller nations with more minor currencies to participate in the mBridge system.

Overall, introducing mBridge may signal the beginning of the end of the US dollar's supremacy and potentially a shift away from the increasingly fragmented global trade landscape. Progress in this direction will be gradual, with various obstacles to overcome. The existing US powers will unlikely relinquish their grip on the financial system without a fight and will likely employ all available means to preserve their control. 

What Else Could Be On The Horizon?

A lot is happening behind the scenes, and a significant development is unfolding. Speculation is mounting that a coalition is forming between influential leaders, including former US President Trump, Russia's Vladimir Putin, China's Xi Jinping, India's Narendra Modi, tech mogul Elon Musk, and Prince Mohammed bin Salman of Saudi Arabia. 

This alliance is becoming increasingly apparent as the year advances with widespread optimism, fueled by the belief that a golden age is on the horizon, where nations can peacefully coexist, united in mutual understanding and cooperation.

Just recently, the presumptive President Trump vowed to fully support cryptocurrency and make Bitcoin a crypto powerhouse. This includes setting up crypto mining operations in the US, implementing transparent regulatory guidance to benefit the crypto industry, and ‘cleaning up’ the corrupt banking system. 

This initiative will create an extensive new banking system linked to the BRICS system in the Americas, paving the way for a global trading network based on blockchain technology that can monitor illicit activities like money laundering and human trafficking and ensure full financial transparency.

As Trump said at the 2024 Bitcoin Conference,

“Bitcoin is not threatening the dollar; the behavior of the current US Government is threatening the dollar. The danger to our financial future does not come from crypto; it comes from Washington, DC.”