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SWIFT is not indispensable and the digital yuan is not SWIFT is not indispensable and the digital yuan is not

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“SWIFT is not indispensable, and the digital yuan is not meant to replace the dollar,” former head of the People’s Bank of China

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Former head of the People’s Bank of China Zhou Xiaochuan said the International Financial Transaction System known as SWIFT is not indispensable, but its replacement will require serious preparation given the effectiveness and scale of SWIFT.

He stated that cross-border payments in global trade could theoretically be carried out without the use of SWIFT. But if SWIFT is widely used as a tool for sanctions, other messaging channels will surely be found to continue trading.

Global financial payment systems or messaging systems, if they fall into some Cold War patterns, will hurt everyone.

Zhou Xiaochuan

“SWIFT is not indispensable, and the digital yuan is not meant to replace the dollar,” former head of the People’s Bank of China

The China Interbank Payments System (CIPS) is designed for cross-border payments involving RMB. Of course, it can also be used in some other major currencies, but so far, few of them use CIPS.

Last year, the number of transactions processed by CIPS exceeded 3.3 million, more than 50% more than the previous year. In 2021, CIPS processed about 12.56 trillion worth of transactions, which is 75% more than in 2020. The number of CIPS members has reached 1259, and the system covers 103 countries and regions. 649 foreign institutions participate in the system.

Since the use of SWIFT as a weapon can block the flow of capital from different countries, it is prudent to look for an alternative option that will also contribute to a more equitable use of SWIFT in the future.

Zhou Xiaochuan added that the digital yuan is not meant to replace the US dollar and “cannot be easily used as a military weapon.”

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From Mars sent a video of the record flight Ingenuity

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From Mars sent a video of the record flight Ingenuity

NASA released a video showing the record-breaking flight of the Ingenuity helicopter on the Red Planet last month.

The video, filmed on April 8 but released only on May 27, shows the shadow of a tiny helicopter on Mars that flew 704 meters at a speed of 19 km/h. The video captured Ingenuity’s 25th flight as it flew faster and farther than ever before, with a maximum height of 10m.

Ingenuity sends its data to the Perseverance rover, which relays the information to a passing Mars orbiter. The data is then transmitted from Mars to NASA’s deep space radio dish network on Earth.

From Mars sent a video of the record flight Ingenuity

Since the video is larger than the photo, it takes quite a long time to send such material through interplanetary networks. At the same time, in such missions, priority is given to operational data. Therefore, the video comes with such a delay.

The video begins about a second after the start of the flight. It shows how the helicopter moves to the southwest and reaches its maximum speed in the next three seconds. The helicopter first flies over a group of sand ripples and then, around the middle of the video, over several rocky fields. Finally, relatively flat terrain appears below, providing a good landing site.

The total flight time of 161.3 seconds was reduced by a factor of five for video. The navigation camera is turned off before landing so that dust does not interfere with the operation of the navigation system when the helicopter is about 1 m from the surface.

Ingenuity is currently recovering from a communication failure caused by dust problems, but should be ready to take on its 29th flight shortly.

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120W, 144Hz, Snapdragon 8 Plus Gen1 and Dimensity 9000. First details about Xiaomi Pad 6 tablets

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120W 144Hz Snapdragon 8 Plus Gen1 and Dimensity 9000 First

Xiaomi has already entered the promising Pad 6 tablet into the Eurasian Economic Commission (EEC) database, but the lineup will include not one, but three devices: Pad 6, Pad 6 Pro and Pad 6 Pro 5G. The source believes that Xiaomi will take a dual-platform approach to them.

120W, 144Hz, Snapdragon 8 Plus Gen1 and Dimensity 9000. First details about Xiaomi Pad 6 tablets

This means that Qualcomm SoCs and Mediatek SoCs will be used simultaneously. In particular, Snapdragon 8 Plus Gen 1 and Dimensity 9000. That is, in terms of performance, the top versions of Pad 6 will not be inferior to flagship smartphones. Also, Pad 6 is credited with more powerful charging technology – 120W instead of 67W. As the source notes, this is especially important for devices with a battery capacity of more than 8000 mAh. Other features of the Pad 6 include 144Hz screens, better audio, and a new version of MIUI for Pad.

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Elon Musk showed impressive photos of transporting the Starship spacecraft to the Starbase launch pad

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Elon Musk showed impressive photos of transporting the Starship spacecraft

SpaceX founder Elon Musk has posted some impressive new photos on his social media page showing the move of the Starship spacecraft to the new Starbase launch pad in Texas, Boca Chica.

Elon Musk showed impressive photos of transporting the Starship spacecraft to the Starbase launch pad

In April of this year, the US Federal Aviation Administration delayed the completion of an environmental review of a new SpaceX launch site in Texas for the fourth time in five months. The FAA is now scheduled to publish its review, called the Programmatic Environmental Assessment (PEA), on May 31, the day after tomorrow.

SpaceX may only begin orbital launches of its massive Starship rocket once the FAA’s evaluation is complete. Elon Musk said in February that Starship would definitely go into orbit this year.

Elon Musk showed impressive photos of transporting the Starship spacecraft to the Starbase launch pad

Elon Musk showed impressive photos of transporting the Starship spacecraft to the Starbase launch pad
Elon Musk showed impressive photos of transporting the Starship spacecraft to the Starbase launch pad

Last week, it was reported that a bench fire test was being carried out, during which two Raptor 2 engines exploded one after the other.

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