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The Tortoise and the Hare of Payments

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0 0 29 minutes read
the-tortoise-and-the-hare-of-payments

by Pedro Ferreira

  • Why the US is Slowing Down While the World Speeds Up?

instant payments

For decades, the United States has been the undisputed financial superpower, a titan striding across the global economic stage. Yet, in the seemingly mundane realm of payments, a peculiar sight is emerging: the US, once a leader in financial innovation, is increasingly resembling a slow and steady tortoise lumbering behind a pack of swift hares.

This unlikely scenario plays out in the arena of real-time payments – the ability to send and receive money instantaneously. According to a recent ACI report, while countries like India and China have embraced these systems, processing billions of transactions daily, the US lags far behind. In 2023, a mere 1.5% of all US payment volume occurred in real-time, a paltry sum compared to the global average.

The report highlights five key drivers for thriving real-time payment ecosystems:

  1. Active Collaboration: Successful markets see strong collaboration between financial institutions, payment service providers, central banks, and even governments. This creates a unified front to build and operate a robust system.
  2. Strong Merchant Incentives: Just getting consumers on board isn’t enough. Enticing merchants to accept real-time payments is crucial. India’s example of removing merchant fees and issuing QR codes for easy adoption is a case in point.
  3. Open and Inclusive Ecosystems: The report emphasizes the growing role of fintechs and smaller banks in driving real-time payments. The US financial sector needs to embrace a more open and collaborative approach, partnering with these players to expand reach and transaction volume.
  4. Constant Flow of User-Friendly Use Cases: Real-time payments thrive when Constant Flow of User-Friendly Use Cases: Real-time payments thrive when there’s a constant stream of easy-to-use applications that integrate seamlessly into daily life. The report points to examples like paying utility bills, transportation fares, subscriptions, and even groceries – all becoming possible with a quick scan of a QR code or a tap on a mobile app. The US needs to encourage similar innovation to drive real-time adoption beyond niche markets.
  5. Cross-Border Ambition: The future of payments is global. The ability to send and receive money instantly across borders is a game-changer. Countries like India are leading the charge, with their UPI system facilitating real-time payments in multiple countries. The US, with its vast international network, can capitalize on this trend by working towards interoperable real-time payment systems with key trading partners.

As such, in what concerns the US, their sluggish adoption is particularly striking considering the inherent advantages the US possesses. A robust banking system, widespread internet access, and a tech-savvy population – all the ingredients for a real-time payments revolution seem to be present. So, what’s holding the US back?

Part of the blame lies in a legacy system.

The current payment infrastructure is a clunky relic from a bygone era and it can take days for transactions to clear, a snail’s pace compared to the real-time world we now inhabit. This slowness creates friction – a frustration for both consumers and businesses forced to wait for their money.

Furthermore, the US financial sector has been slow to adapt. Unlike some of its international counterparts, banks haven’t readily embraced the potential of real-time payments. The fear of disruption to existing revenue streams, coupled with the costs associated with implementing new infrastructure, has created a sense of inertia.

However, a shift is stirring. The 2023 launch of FedNow, a real-time payment service by the Federal Reserve, marked a turning point. While adoption remains low, FedNow represents a crucial step towards a more efficient payment system. The hope is that this new infrastructure will spur innovation and entice banks to finally jump on board.

There are compelling reasons for them to do so.

Real-time payments offer a multitude of benefits. For consumers, it translates to faster access to funds, increased convenience (think splitting a restaurant bill with friends seamlessly), and potentially lower transaction fees. Businesses, on the other hand, can benefit from faster settlements, improved cash flow management, and the potential to tap into new customer segments that rely on immediate access to money.

Moreover, real-time payments have the potential to reshape entire industries. The gig economy, for instance, thrives on instant transfers, allowing workers to get paid immediately for their services. Similarly, real-time payments could revolutionize how we pay bills, eliminating late fees and streamlining financial management.

The potential impact extends beyond domestic borders. As the global economy becomes increasingly interconnected, the ability to send and receive money across international borders in real-time will be paramount. Here again, the US risks falling behind if it doesn’t modernize its payment infrastructure.

The good news is that there are signs of progress.

The slow but steady increase in real-time transactions in the US suggests a growing awareness of the benefits these systems offer. Furthermore, businesses are increasingly vocal in their demands for faster and more efficient payment solutions. This pressure, coupled with the ongoing development of FedNow, could be the catalyst needed for a real paradigm shift.

The race for real-time payments supremacy has begun. While the US may be starting from behind, its inherent strengths and growing momentum suggest it’s not out of the race. The question remains – will the American financial sector shed its tortoise-like tendencies and embrace the future of payments, or will it continue to be outpaced by the nimble hares of the global financial arena? Only time will tell.

For decades, the United States has been the undisputed financial superpower, a titan striding across the global economic stage. Yet, in the seemingly mundane realm of payments, a peculiar sight is emerging: the US, once a leader in financial innovation, is increasingly resembling a slow and steady tortoise lumbering behind a pack of swift hares.

This unlikely scenario plays out in the arena of real-time payments – the ability to send and receive money instantaneously. According to a recent ACI report, while countries like India and China have embraced these systems, processing billions of transactions daily, the US lags far behind. In 2023, a mere 1.5% of all US payment volume occurred in real-time, a paltry sum compared to the global average.

The report highlights five key drivers for thriving real-time payment ecosystems:

  1. Active Collaboration: Successful markets see strong collaboration between financial institutions, payment service providers, central banks, and even governments. This creates a unified front to build and operate a robust system.
  2. Strong Merchant Incentives: Just getting consumers on board isn’t enough. Enticing merchants to accept real-time payments is crucial. India’s example of removing merchant fees and issuing QR codes for easy adoption is a case in point.
  3. Open and Inclusive Ecosystems: The report emphasizes the growing role of fintechs and smaller banks in driving real-time payments. The US financial sector needs to embrace a more open and collaborative approach, partnering with these players to expand reach and transaction volume.
  4. Constant Flow of User-Friendly Use Cases: Real-time payments thrive when Constant Flow of User-Friendly Use Cases: Real-time payments thrive when there’s a constant stream of easy-to-use applications that integrate seamlessly into daily life. The report points to examples like paying utility bills, transportation fares, subscriptions, and even groceries – all becoming possible with a quick scan of a QR code or a tap on a mobile app. The US needs to encourage similar innovation to drive real-time adoption beyond niche markets.
  5. Cross-Border Ambition: The future of payments is global. The ability to send and receive money instantly across borders is a game-changer. Countries like India are leading the charge, with their UPI system facilitating real-time payments in multiple countries. The US, with its vast international network, can capitalize on this trend by working towards interoperable real-time payment systems with key trading partners.

As such, in what concerns the US, their sluggish adoption is particularly striking considering the inherent advantages the US possesses. A robust banking system, widespread internet access, and a tech-savvy population – all the ingredients for a real-time payments revolution seem to be present. So, what’s holding the US back?

Part of the blame lies in a legacy system.

The current payment infrastructure is a clunky relic from a bygone era and it can take days for transactions to clear, a snail’s pace compared to the real-time world we now inhabit. This slowness creates friction – a frustration for both consumers and businesses forced to wait for their money.

Furthermore, the US financial sector has been slow to adapt. Unlike some of its international counterparts, banks haven’t readily embraced the potential of real-time payments. The fear of disruption to existing revenue streams, coupled with the costs associated with implementing new infrastructure, has created a sense of inertia.

However, a shift is stirring. The 2023 launch of FedNow, a real-time payment service by the Federal Reserve, marked a turning point. While adoption remains low, FedNow represents a crucial step towards a more efficient payment system. The hope is that this new infrastructure will spur innovation and entice banks to finally jump on board.

There are compelling reasons for them to do so.

Real-time payments offer a multitude of benefits. For consumers, it translates to faster access to funds, increased convenience (think splitting a restaurant bill with friends seamlessly), and potentially lower transaction fees. Businesses, on the other hand, can benefit from faster settlements, improved cash flow management, and the potential to tap into new customer segments that rely on immediate access to money.

Moreover, real-time payments have the potential to reshape entire industries. The gig economy, for instance, thrives on instant transfers, allowing workers to get paid immediately for their services. Similarly, real-time payments could revolutionize how we pay bills, eliminating late fees and streamlining financial management.

The potential impact extends beyond domestic borders. As the global economy becomes increasingly interconnected, the ability to send and receive money across international borders in real-time will be paramount. Here again, the US risks falling behind if it doesn’t modernize its payment infrastructure.

The good news is that there are signs of progress.

The slow but steady increase in real-time transactions in the US suggests a growing awareness of the benefits these systems offer. Furthermore, businesses are increasingly vocal in their demands for faster and more efficient payment solutions. This pressure, coupled with the ongoing development of FedNow, could be the catalyst needed for a real paradigm shift.

The race for real-time payments supremacy has begun. While the US may be starting from behind, its inherent strengths and growing momentum suggest it’s not out of the race. The question remains – will the American financial sector shed its tortoise-like tendencies and embrace the future of payments, or will it continue to be outpaced by the nimble hares of the global financial arena? Only time will tell.

Pedro Ferreira

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  • 715 Articles
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    Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience. 20-22 MAY 2024 Sandton Convention Center, Sandton, South Africa Register now to secure your spot: https://bit.ly/3JbUpCK #fmas #fmas24 #fmevents #networking #finance #africa 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience. 20-22 MAY 2024 Sandton Convention Center, Sandton, South Africa Register now to secure your spot: https://bit.ly/3JbUpCK #fmas #fmas24 #fmevents #networking #finance #africa 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience. 20-22 MAY 2024 Sandton Convention Center, Sandton, South Africa Register now to secure your spot: https://bit.ly/3JbUpCK #fmas #fmas24 #fmevents #networking #finance #africa 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience. 20-22 MAY 2024 Sandton Convention Center, Sandton, South Africa Register now to secure your spot: https://bit.ly/3JbUpCK #fmas #fmas24 #fmevents #networking #finance #africa 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

  • Join 3500+ Attendees at FMAS:24 – Africa’s Premium Financial Event

    Join 3500+ Attendees at FMAS:24 – Africa’s Premium Financial Event

    Join 3500+ Attendees at FMAS:24 – Africa’s Premium Financial Event

    Join 3500+ Attendees at FMAS:24 – Africa’s Premium Financial Event

    Join 3500+ Attendees at FMAS:24 – Africa’s Premium Financial Event

    Join 3500+ Attendees at FMAS:24 – Africa’s Premium Financial Event

    Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience. 20-22 MAY 2024 Sandton Convention Center, Sandton, South Africa Register now to secure your spot: https://bit.ly/3JbUpCK #fmas #fmas24 #fmevents #networking #finance #africa

    Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience. 20-22 MAY 2024 Sandton Convention Center, Sandton, South Africa Register now to secure your spot: https://bit.ly/3JbUpCK #fmas #fmas24 #fmevents #networking #finance #africa

    Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience. 20-22 MAY 2024 Sandton Convention Center, Sandton, South Africa Register now to secure your spot: https://bit.ly/3JbUpCK #fmas #fmas24 #fmevents #networking #finance #africa

    Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience. 20-22 MAY 2024 Sandton Convention Center, Sandton, South Africa Register now to secure your spot: https://bit.ly/3JbUpCK #fmas #fmas24 #fmevents #networking #finance #africa

    Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience. 20-22 MAY 2024 Sandton Convention Center, Sandton, South Africa Register now to secure your spot: https://bit.ly/3JbUpCK #fmas #fmas24 #fmevents #networking #finance #africa

    Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience. 20-22 MAY 2024 Sandton Convention Center, Sandton, South Africa Register now to secure your spot: https://bit.ly/3JbUpCK #fmas #fmas24 #fmevents #networking #finance #africa

  • Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast

    Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast

    Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast

    Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast

    Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast

    Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast

    Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin. We’re discussing the challenges and shifts caused by MetaQuotes’ pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls. Tune in for expert analysis on the future of trading and innovative funding models. The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply. This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances. 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin. We’re discussing the challenges and shifts caused by MetaQuotes’ pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls. Tune in for expert analysis on the future of trading and innovative funding models. The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply. This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances. 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin. We’re discussing the challenges and shifts caused by MetaQuotes’ pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls. Tune in for expert analysis on the future of trading and innovative funding models. The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply. This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances. 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin. We’re discussing the challenges and shifts caused by MetaQuotes’ pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls. Tune in for expert analysis on the future of trading and innovative funding models. The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply. This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances. 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin. We’re discussing the challenges and shifts caused by MetaQuotes’ pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls. Tune in for expert analysis on the future of trading and innovative funding models. The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply. This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances. 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin. We’re discussing the challenges and shifts caused by MetaQuotes’ pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls. Tune in for expert analysis on the future of trading and innovative funding models. The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply. This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances. 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

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