October 16, 2021

WeownomyPay: Turning WEOWNS Into a Mass Currency of Kindness

Global has never been more in need of a currency that is for everyone. With WeownomyPay, there are no transaction fees and you can withdraw your money anywhere. The WEOWNS economy is coming to life and it’s time to start paying with compassion.

WeownomyPay

DELAWARE CITY, Del., Oct. 15, 2021 (GLOBE NEWSWIRE) — It’s hard to imagine what it would be like if you couldn’t buy anything with money. But this is the reality for 3 billion people around the world, many of whom live in developing countries. This isn’t just a problem of poverty and lack of access to banking services—this also impacts economies and society as a whole. The new digital payment system will be used to make social media transactions and remittance services free of charge for over 1 billion people worldwide. The founder of WeownomyPay Ssemakula Peter Luyima believes that digital currencies are not very useful unless they can connect with mainstream society in some way. The intention is to create a digital currency that connects the cryptocurrency world to what most societies use every day: money.

In today’s digital world, it is no surprise that people are shifting to cryptocurrency. In recent years, more and more companies have begun developing their own cryptocurrencies. But not all of these new currencies have been successful in the market due to a lack of usability. WEOWNS is aiming to change this by providing an alternative form of payment for social media platforms, remittance transactions and Debt Free Personal Economic Security Program with a unique payment method once it’s officially rolled out, with an estimated $5 billion in transactions anticipated by May 2022

The idea of paying for something and then getting paid back for it is what is unique about WeownomyPay. This revolutionary new payment system eliminates all fees associated with making payments through credit cards or wire transfers, giving people a convenient way to pay without incurring any extra costs.

The People Powered WEOWNS

In an era of globalization, with a steadily growing population and increasing cost of living around the world, the demand for a new payment system that benefits everyone is vital. With this in mind, WEOWNOMY came up with an innovative solution to meet these needs: WeownomyPay.

The design is geared towards: 1] providing debt-free personal economic security for everyone; 2] eliminating transaction fees; 3] rewarding remittance transactions with an extra amount of WEOWNS; 4] creating strategic partnerships that will help build key African Unity Initiatives powered by Pan African Peoples Alliance and Pan African Peoples Accord..

In the next 20 years, more than 50% of the global population will live in urban areas. A consequence of this is that people will be less connected to each other and it will become increasingly difficult for people to find empathy and compassion in a world where they are surrounded by strangers.

WeownomyPay’s vision is for WEOWNS, the currency of kindness, to complement fiat currencies, not compete with them; a key strategy is to build personal sustainable economic lives using Weownomy social media platform to enable millions of users and WeownomyChat in order for the network to reach significant scale and large volume of transactions made in WEOWNS.

One Way to Keep the Wealth in Your Own Country

Many developing countries have currencies that are volatile and subject to being devalued. WeownomyPay is a project aiming to solve this problem by providing access to the national currency of the country in which they reside, no matter where they are. WEOWNS will be fully backed by remittance transactions or Weownomy social media user paid online activities for using the platform denominated in WEOWNS to be represented in any fiat currencies.

The United States has a $19 trillion dollar debt. But what if there was a way to keep the wealth in your own country? What if people and businesses in regions whose local currencies have WEOWNS users on the WeownomyPay network could directly access their national currency without any bank intermediaries or exchange rates, but with full confidence that each WEOWNS will be fully backed by the people using WeownomyPay network, which will consist of remittance transactions or Weownomy social media users. It has an ambitious goal to be one of the leading digital currencies in usage, transaction volume and value worldwide.

WEOWNOMYPAY is a unique idea to help build an economy with your country’s own currency. It will allow people and businesses in the regions whose local currencies have WEOWNS users on the WeownomyPay network to directly access their national currency. “WEOWNOMYPAY allows for everyone, no matter where they are, to keep wealth within their own country without having to use any other form of money.” Ssemakula Luyima Peter

WEOWNS Are Not Designed to Replace Local Currencies

The global currency WEOWNS are not designed to replace the local currencies in developing nations but could serve as a complementary to the more established financial services that make up 98% of the developing nations. This will target personal and corporate digital wallets that pay bills, goods and services, debt-free personal economic security program. WeownomyPay will hand out $170 Million in digital WEOWNS via Virtual Wedding Crypto Expo in October 2021 and expects a wide-scale test during WeownomyChat launch in November 2021.

The first user owned payment processor to work with WEOWNS currency trials that will allow users to link their accounts with WEOWNS digital currency. Weownomy will distribute several millions dollars’ worth of WEOWNS through WeownomyPay that is connected to an acquirer bank. These tests are intended to allow users to buy products from participating business entities and WeownomyChat marketplace.

WEOWNMYPAY: A LINK TO THE WEOWNS ECONOMY.

The WeownomyPay inclusion shows that the new crypto currency has opened a payment link interface to the ecosystem of internet payment platforms, which could broaden the online application of WEOWNS digital currency in such scenarios as e-commerce, social networks and online-to-offline business. It will attract more merchants to open payment channels for the digital currency, helping leverage the digital WEOWNS role as people’s currency.

The new, blockchain-based digital currency WEOWNS is set to launch in October 2021 (to be announced), with over 100,000 co-owners to sign up for the tests. The system will be distributing 10 million digital WEOWNS “on WEOWNS Wedding day” which are worth $170 Million at current WEOWNS prices. But WEOWNS has one thing no other crypto currency does: it’s all about community ownership. It will not be long before there are more than one billion co-owners around the world who want in on this great opportunity.

Weownomy accelerates its efforts to widely distribute its digital people’s currency of kindness before the WeownomyChat launch; the initiative is a historic initiative to launch people’s monetary kindness system. Once the digital WEOWNS is in wide circulation, it will likely power the digital payment operations of social media, remittance transactions and Debt Free Personal Economic Security Program. The History of Kindness is about to Be Written.

Kindness is the currency of people’s power. It fuels all things that humans care about, whether it be financial or emotional prosperity, health and happiness, relationship bonds with others. Kindness is also the force behind every successful entrepreneurial endeavor. The advent of WeownomyChat will provide a platform for an exponential distribution of kindness in society because WEOWNS are the perfect digital representation of what humans care about most: their own success, health and well-being as well.

About WEOWNS

WEOWNS is a new currency that was created to address the shortcomings of Bitcoin. WEOWNS is designed to be used as an incentive for people who want to do good in their communities, not just mine bitcoins. WEOWNS incentivizes entrepreneurs and users to act with kindness towards one another by building trust through commitments made. This means that any user or entrepreneur who follows the precept should generally be expected to be more successful than otherwise, because they will have earned more WEOWNS.

About Weownomy Platform Corporation

Weownomy Platform Corporation, Incorporated in the State of Delaware https://www.weownomy.global is launching a subscription-based, open and participatory platform. A new redefined social network that facilitates people’s participation in the democratic process of defining their own rules for their future, generating an ownership structure where every person has rights to share in the proceeds generated by this new economy and hence true economic equality.

Media

Ssemakula Peter Luyima

ceo@weownomy.global

President and CEO

Weownomy Platform Corporation

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Image 1: WeownomyPay

New Digital Payment Processor

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WeownomyPay

October 16, 2021

Indonesia needs US$200 billion annual investment in 2021-2030 to decarbonise: Government

JAKARTA— Indonesia will need to invest US$150 billion to US$200 billion per year in low carbon programmes over the next nine years to meet its goal to reach net zero carbon emissions by 2060 or sooner, a new government study showed.

Indonesia, the world’s eighth-biggest greenhouse gas emitter, has recently brought forward its target to reach net zero emission by 2060 or earlier, from 2070 initially.

In the study by the planning ministry, authorities found that transforming the economy to meet the new goal would cost US$20 billion per year in 2021 and 2022, and an average of US$150 to US$200 billion per year between 2021 to 2030, or 3.4 per cent to 4.5 per cent of gross domestic product (GDP).

To finance that, the government must phase out fossil fuel subsidies and reallocate some investments, on top of generating revenue from the recently passed carbon tax, the report said.

By cutting fossil fuel subsidies and setting up carbon trading, the government could generate savings and new revenue, respectively, to the equivalent of 2.2 per cent of GDP in 2030.

“Some of that revenue will be needed for social protection programmes and other investments to ensure a just transition, but the balance could finance green infrastructure,” the report said.

Authorities also expect funding from REDD+ and major bilateral and multilateral donors, assuming Indonesia could successfully restore and protect its forests, peatlands and mangroves, and tap funding from the Asian Development Bank, the World Bank and other multilateral lenders.

The report also noted Indonesia needs to attract private sector investment in renewable power plants, while estimating power consumption will rise threefold by 2060, reaching 9.3 terajoules.

“The intervention in the energy sector, electric vehicle technology, energy efficiency, sustainable land use and waste management could create 1.8 to 2.7 million jobs in 2030,” Arifin Rudiyanto, deputy planning minister said at the virtual launch of the report.

Indonesia should reach its target to become a high income country by 2045 by investing in decarbonisation measures, compared with a prediction of GDP shrinkage under a business-as-usual approach, due to the impact of climate change, he said.

Source: NAM News Network

October 16, 2021

International call for Myanmar to let envoy meet Aung San Suu Kyi

SYDNEY— Eight countries and the EU diplomatic chief urged the Myanmar junta to let a regional special envoy meet ousted civilian leader Aung San Suu Kyi.

The call comes as concerns grow over the military government’s commitment to a “five-point consensus” agreed with regional bloc ASEAN to defuse the bloody crisis that erupted after Myanmar’s Feb 1 coup.

ASEAN foreign ministers met virtually on Friday evening to debate whether to exclude Myanmar junta chief Min Aung Hlaing from an upcoming summit over his government’s intransigence.

Brunei, which currently holds ASEAN’s rotating chair, will issue a statement Saturday on the meeting’s outcome, diplomatic sources said.

The military authorities have said they will not allow ASEAN special envoy Erywan Yusof to meet anyone currently on trial, which includes Aung San Suu Kyi.

In a joint statement, the United States, Britain, Australia, Canada, South Korea, New Zealand, Norway and East Timor say they are “deeply concerned about the dire situation in Myanmar” and urged Naypyidaw to “engage constructively” with the special envoy.

“We further call on the military to facilitate regular visits to Myanmar by the ASEAN Special Envoy, and for him to be able to engage freely with all stakeholders,” said the statement, also endorsed by EU foreign affairs chief Josep Borrell.

This last phrase is an apparent reference to the junta refusing Yusof, who is also Brunei’s second foreign minister, access to Aung San Suu Kyi.

In Washington, State Department spokesman Ned Price reiterated that Yusof should be allowed “a meaningful visit where he would be able to meet with all parties”.

“We urge the regime to facilitate a visit by the special envoy,” Price told reporters.

The State Department also announced that senior official Derek Chollet will head from Sunday to Indonesia, Singapore and Thailand, in part to address the crisis in Myanmar.

Rebuffing pressure, the Myanmar foreign ministry on Thursday insisted Yusof could not “go beyond the permission of existing laws” and urged him to focus on meeting government officials instead.

International pressure has so far had little impact on the junta, which launched a brutal crackdown on protests against its power grab that has so far killed nearly 1,200 civilians.

February’s coup ended the country’s brief dalliance with democracy after decades of army rule, though the army has pledged to hold elections by August 2023.

The military government, which calls itself the State Administration Council, has defended its actions pointing to alleged vote rigging in last year’s election, won easily by Aung San Suu Kyi’s National League for Democracy.

Source: NAM News Network

October 16, 2021

Taiwan’s leader pays respects to 46 dead in building inferno

TAIPEI— Taiwan’s president on Saturday paid her respects at a morgue to the dozens of people killed in a deadly inferno that ripped through an aging tower block earlier in the week.

The fire in the southern city of Kaohsiung killed at least 46 people, according to authorities, after it broke out early on Thursday morning. The flames engulfed the lower half of a 13-storey building that housed many residents who were poor, elderly or disabled.

President Tsai Ing-wen said she had come to the city of Kaohsiung “mainly to visit the wounded and offer my condolences to the family members” of the deceased.

“The fire accident that happened in the Cheng Chong Cheng building resulted in many injuries and deaths. Everyone is feeling deeply sad and torn with separation,” she said.

Tsai thanked rescuers, the police force and medical workers for their work. She added that the central government would work closely with county and city officials to clean up older and abandoned buildings, and prevent similar incidents from happening.

The Taiwanese leader also visited hospitals where dozens of people who were injured in the blaze were receiving medical treatment.

The decades-old apartment building is one of many in the Yancheng district, an older part of Kaohsiung, a city of about 2.8 million people in southwestern Taiwan.

Major newspaper United Daily News said that investigators were focusing on a first-floor tea shop where the fire had started, and police were looking into a resident who reportedly fought with his girlfriend earlier on Wednesday. They had not ruled out arson, according to the paper.

Fire extinguishers were installed last month, but only three per floor because the residents could not afford to pay more, it said.

Source: NAM News Network

October 16, 2021

Update: Myanmar junta chief excluded from summit – ASEAN

BANDAR SERI BEGAWAN— Myanmar’s junta chief will be excluded from an upcoming ASEAN summit, the group said Saturday, a rare rebuke as concerns rise over the military government’s commitment to plans on defusing a bloody crisis.

Foreign ministers from the Association of Southeast Asian Nations at an emergency meeting late Friday agreed that Min Aung Hlaing will not be invited to the Oct 26-28 summit, current ASEAN chair Brunei said.

A non-political representative from Myanmar will be invited to the summit effectively sidelining the leader of the military junta that seized power earlier this year.

The decision follows the failure of Myanmar’s army to adhere to a peace roadmap it had agreed with the southeast Asian bloc following the coup in February.

More than 1,000 civilians have been killed by security forces and thousands arrested, according to the United Nations, during strikes and protests over the coup.

The takeover ended a decade of tentative democracy in Myanmar and prompted international condemnation and sanctions.

At an emergency meeting late Friday in Brunei, foreign ministers of the regional bloc agreed that Min Aung Hlaing will not be invited to the Oct 26-28 summit.

It said some member states recommended giving “space to Myanmar to restore its internal affairs and return to normalcy.”

Instead, it was decided “to invite a non-political representative from Myanmar” to the summit, “while noting the reservations from the Myanmar representative”, the statement added.

Brunei said some member states had received requests from Myanmar’s National Unity Government, formed by opponents of the junta, to attend the summit.

Myanmar, which is a member of the ASEAN regional group, agreed during emergency talks in April that would adhere to a peace roadmap aimed at tackling the fallout from the coup and ending the bloody violence.

ASEANS’s statement Saturday cited “insufficient progress” in the implementation of the five-point plan.

A long-planned visit by ASEAN’s envoy to Myanmar Erywan Yusof has also been delayed in recent weeks.

Erywan has insisted on meeting all parties, including deposed leader Aung San Suu Kyi, who has been detained on various charges since the coup.

Junta spokesman Zaw Min Tun said this week Erywan would be welcome in the country but would not be allowed to meet Suu Kyi.

International pressure has been building on ASEAN to take a tougher position on Myanmar’s failure to take the agreed steps to end the violence, allow humanitarian access and start dialogue with its opponents.

The decision marks a shift for ASEAN, which has traditionally favoured a policy of engagement and

non-interference.

Source: NAM News Network

October 16, 2021

3 killed, 7 injured as quake hits Indonesia’s Bali

JAKARTA, Three people were killed and seven others suffered broken bones with another one still buried under rubbles of a building after a 4.8-magnitude quake damaged houses in Indonesia’s resort

island of Bali early Saturday.

The epicenter of the quake, which occurred at 3:18 a.m. local time with a depth of 10 km, was located 8 km northwest of Karangasem district, the Meteorology, Climatology and Geophysics Agency said, adding the tremors were felt until nearby Lombok Island.

The tremor triggered no tsunami, the agency said.

Head of Operational Unit of the Disaster Management Agency of Bali Province Gede Adhi Tiana Putra told Xinhua that two people were killed in Bangli district, one person was dead and one was being evacuated from the debris in

Karangasem district.

Seven people, who have broken bones after being hit by the concrete of the houses, were being treated at a nearby health clinic, he said.

Several houses were destroyed by the tremor and most of the damages were in Bangli district.

Risk assessment of the impact of the quake was still undertaken by the disaster agency officials, Putra added.

According to him, the tremor also triggered landslides.

Source: NAM News Network

October 16, 2021

Covid-19: WTO again fails to agree on vaccine patent waiver

GENEVA, The World Trade Organization said its member nations had again failed to agree to suspend intellectual property rights for Covid-19 vaccines, with some countries doubting a deal could be reached unless certain delegations make “real compromises”.

South Africa and India have called for intellectual property rights to be temporarily lifted for coronavirus vaccines during the pandemic in order to boost production and address the gaping inequality in access between rich and

poor nations.

However the idea has met with fierce opposition from pharmaceutical giants and their host countries, which insist patents are not the main roadblocks to scaling up production and warn the move could hamper innovation.

Pressure is mounting for an accord with just weeks left before the WTO’s 12th ministerial conference, which runs from Nov 30 to Dec 3 in Geneva.

The council of the WTO agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) met on Wednesday and Thursday to try to make progress on the issue.

The WTO works by consensus — all 164 member states must agree to any deal.

In a statement on Friday, the WTO said the council had not reached a deal.

The statement said that some members had “flagged the risk of not achieving an outcome unless delegations are able to make some real compromises.”

“A positive and meaningful outcome… would not only send a powerful message of global solidarity, but would also be proof that the WTO has the ability to respond to a major global crisis,” those members added.

The TRIPS council chair and Norway’s WTO ambassador, Dagfinn Sorli, admitted the body “is not yet in a position to agree on a concrete and positive conclusion”.

He said the council will continue to consult member states on how to reach consensus before the ministerial conference in Geneva. Further talks are also scheduled for Oct 26.

Numerous countries have backed South Africa and India’s call for coronavirus patents to waived, as has the World Health Organization and many non-profits.

Covid vaccination rates are on average 30 times higher in rich countries than in poor countries. Many rich countries are now considering rolling out third doses of vaccines while billions of people have yet to get access to a

first.

WTO chief Ngozi Okonjo-Iweala has said the yawning chasm in vaccination rates between the haves and the have nots was “devastating for the lives and livelihoods of Africans” and “morally unacceptable”.

Source: NAM News Network