China, U.A.E. trading in digital currency

Last month, China and the United Arab Emirates completed their first cross-border payment using a central bank digital currency, which the Chinese Embassy in the U.A.E. characterized yesterday as “a breakthrough in global financial innovation and bilateral financial cooperation.” Supported by the Bank for International Settlements, the mBridge project technology eliminates the need for the U.S. dollar in international trade. The European Union is also developing a digital currency. The rise in international non-dollar transactions is important because Isaiah 23 prophesies that a global trade alliance will form that excludes the U.S. and other modern nations of Israel from world trade.