Token – Currency

Tokenization

Tokenization is the process of creating a digital representation of a real thing. Tokenization can also be used to protect sensitive data or to efficiently process large amounts of data.

Oh yeah its about data – DNA data to be specific – you horrible little slave – make sure you wear that musk while the entertainers walk to dinner in front of you with NO musk on – oh your so dirty compared to them!

Yes they will have real time data on you and in you and see you in real time – Put your musk on or you will be noticed via Starlink if you walk outside without it.

CT here is explaining Tokenization or your Human body to the ninth degree.

Everything you own will become a number and divided up to a fraction so that when everything is so expensive you will sell a bit off here and there to buy food.

You will sell your time for almost nothing then if you have any equity in anything…well, but lets use the house.  You will see your children and grandchildren starving skinny as rakes what are you going to do?

Are you going to sit there and do nothing and count your “wealth” in your house or are you going to sell it off bit by bit to buy food each day?

Tokenization – a very evil system – they will know what you own and the more you can afford the more it will cost you at the checkout compared to the next person who has nothing and is buying the exact same thing as you are.

You pay more cost you are worth more until every one is at the same level. Owning nothing and being happy about it according to the WEF – World Economic Forum.

The only happy people at that time will be those that are Born Again walking in the Spirit saved for Eternity, while the rest of you march toward hades, death and hell.

CT could go on about tokenization – yeah maybe there be some benefits – but who cares the point of it is to control.  No freedom.  Nothing is worth losing freedom over.

Beginning of Article.

VISA

Visa Introduces the Visa Tokenized Asset Platform
October 3, 2024
Visa Tokenized Asset Platform (VTAP) is a new product that helps banks issue fiat-backed tokens. BBVA will use VTAP to create tokens on the public Ethereum blockchain with expected live pilots in 2025.

SAN FRANCISCO–(BUSINESS WIRE)– Visa (NYSE: V), a global leader in digital payments, is helping to bridge existing fiat currencies with blockchains through the Visa Tokenized Asset Platform ( VTAP), a new product designed to help financial institutions issue and manage fiat-backed tokens on blockchain networks. The VTAP solution is available on the Visa Developer Platform for participating financial institution partners, to create and experiment with their own fiat-backed tokens in a VTAP sandbox.

Visa has a global network of more than 15,000 financial institutions and helps facilitate seamless transactions of fiat currencies across more than 200 countries and territories. Now, Visa is applying its expertise in new technologies, such as smart contracts, to enable banks to issue and transfer fiat-backed tokens over blockchain networks.

“Visa has been at the forefront of digital payments for nearly sixty years, and with the introduction of VTAP, we are once again setting the pace for the industry,” said Vanessa Colella, Global Head of Innovation and Digital Partnerships, Visa. “We’re excited to leverage our experience with tokenization to help banks integrate blockchain technologies into their operations.”

Benefits of VTAP

VTAP is a cutting-edge solution developed by Visa’s in-house blockchain experts. The platform is a b2b solution designed to enable banks to bring fiat currencies onchain in a safe, seamless, and efficient manner. Key benefits include:

Easy integration: VTAP provides a platform for banks to mint, burn and transfer fiat-backed tokens, such as tokenized deposits and stablecoins, and experiment with use cases. This is available in a test environment with plans to support live programs in 2025 and when participating banks are ready to launch with end customers. VTAP requires minimal technical integration, as participating banks can access the complete suite of VTAP services via APIs designed to help enhance existing financial infrastructure to be always on and more efficient.
Programmability: VTAP is designed to enable banks to use their fiat-backed tokens within smart contracts. This could help digitize and automate existing workflows and power the future exchange of new types of real-world assets. For example, a bank could automate processes like administering complex lines of credit using smart contracts and use fiat-backed tokens to release payments when payment terms are met. A bank could also enable their customers to use a fiat-backed token to purchase tokenized commodities or tokenized treasuries with near-real time settlement onchain.
Interoperability: There is a growing ecosystem where tokenized real-world assets are being issued across multiple permissioned and public blockchain networks. Visa’s vision is to enable interoperability across different blockchains for banks utilizing the VTAP platform. With a single API connection to VTAP, in the future, banks can enable multiple use cases and interact with partners and clients on both permissioned and public blockchains. To support the broad ecosystem adoption of tokenized assets, Visa is committed to enabling safe and secure cross-chain exchanges of tokenized real world assets using fiat-backed tokens.
Partnering for the future

BBVA has been working in the VTAP sandbox throughout this year and has been testing core VTAP sandbox functionalities including the issuance, transfer and redemption of a bank token on a testnet blockchain, as well as interactions of the token with smart contracts with the goal of launching an initial live pilot with select customers in 2025 on the public Ethereum blockchain.

“We are proud to continue spearheading the exploration of tokenized solutions with Visa through its VTAP platform,” said Francisco Maroto, Head of Blockchain and Digital Assets, BBVA. “This collaboration marks a significant milestone in our exploration of the potential of blockchain technology and will ultimately help enable us to broaden our banking services and expand the market with new financial solutions.”

Visa is committed to working with financial institutions and fintechs to develop standards and capabilities that can enable the growth of these new payment flows in a secure, reliable, and compliant manner.

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

Jackie Dresch – jdresch@visa.com

Source: Visa Inc.

End of Article

Having said that following is a couple of video re tokenization

Token – Economic System Of The Future? | FinTech Market

BlackRock & Larry Fink: Asset Tokenization Explained

 

Well you can have that if  you like.  CT will stick with Jesus even when they make the Mark of the Beast complusory.

Until then I’ll remember the song by Bob Dylan – Like a rolling stone.

You have lost your  prime – cannot throw the bums a coin or a dime now can you – not so proud now are you. Lyrics from Bob Dylans song – like a rolling stone.  This will be most of the world post August 2029.

Bob Dylan – Like a rolling stone

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