I want to bring up one little detail that it seems no one is talking about.. That if they make a crypto version of the US Dollar (In reality the FRN or Petro dollar). This has to be able to work through their SWIFT system, and it is not ready for that. The western SWIFT system is not even designed for cryptos, IE: blockchain... This might be one reason they keep holding off on a crypto and are looking at digital currency, which they already have.
I know the people over at the SWIFT system are trying to put together some kind of blockchain tech involving Etherium, IBM's Hyperledger fabric tech, and R3's Cordia.. On top of this they have to make it an ISO standard which they are developing through the Australian Central Bank. So far it looks like they have the format,,, but the formal standard is not released yet.. I wish I had more info, as the details are way above my technical abilities.
Whats even more important, the Russian version of the SWIFT system is up and going.. You had mentioned it being called then SPSF.. It has been transitioned to something called CyberFT and it is a whole lot more than just the financial use. There is not a lot out there about this system and am guessing it integrates the blockchain tech. I have a couple articles about the CyberFT system with he data I could find. They are on my steemit page..
This link is a technical look at the components they are using for adding blockchain tech into the western SWIFT system.
Below that is a FB comment I made in relation to the info in this X22Report..
Thanks for the work your doing..!!!
David..
https://medium.com/@philippsandner/comparison-of-ethereum-hyperledger-fabric-and-corda-21c1bb9442f6

I thought I would make a couple posts that if you are really interested in seeing why Russia and Putin are so demonized as of lately.. The bottom line is the Central Banking system is dying. The BRICS have successfully developed a new financial system. China has made the Yuan, Gold, and Oil convertible with one another. Some time shortly they will add in the Crypto Yuan. Basically they have broken the paradigm from a gold or asset backed systme. To a resource based economy that can operate on a global level.

The real lynch pin to make this work is not with China,, its Russia.. They have created an alternative to the swift system (if you don’t know what the swift system is, go do some research, its important).
it looks like there are two components to this. There is the SPSF, this looks like it is the specifically financial part for doing cross border payments. There is another bigger part to this called the CyberFT system. This takes care of not only another part of the financial system. This also handles government documentation and records, Land and Property Titles, plus a whole lot more..
It looks like this is all Blockchain based. What kind of blockchhain tech this is,, that is a mystery I can not find an answer to yet.. But if someone can find out, I would like to know, because once that is public knowledge,, all coins that utilized this Blockchain are going to do very well..
It’s the same for the Crypto Yuan, no one knows what that Blockchain tech is yet and the Chinese are keeping a very tight reign on this info..
Russia and China are keeping a tight reign on this because they will do the announcements after all the testing, and checks and balances are done.. These people are not messing around and take this move to a new system seriously.

Its no wonder the Central banks are all up in arms because there is already transactions taking place outside of their system.. They are not only desperate for a major event on the scale of a world war to reset their financial system. They are piecing together their version of a crypto currency and a Blockchain compatible swift system.. And it is not looking good.. Their system will function, it will be slick and shiny. But it will still be based solely on the central banking template and narrative..

Additionally the payment systems are already in place and working.. China has the CIPS,, and Russia has the MIR system. I believe the Visa and Mastercard already have agreements as well…
Other places in the world are already doing trade outside of the dollar.. I talked with a man who lives in the Philippines and he said if you try to buy something from the average merchant there in US dollars,, they will make you go to the exchange and convert it into the local currency..
I also talked with a man who just spent 9 years in China,, he said they are the vast amount of transactions digitally through their phones.. That’s the comparative of the US still using the abacus..

Its one thing to roll out a new system.. But you have to get others to buy into that new system. And as much as the Central Banks have screwed over just about every nation and peoples it has come in contact with. Countries will be making other choices.. As a general rule with Russia,, they may not make things that are slick or pretty. But they work under the worst conditions, they are cost effective, they are well thought out. And at the very least with the financial arena, they may have their corrupt aspects, however they are making a showing on the world stage with an impressive amount of maturity. Plus they don’t care about ruling the world,, that’s the Central bankers narrative..
https://cointelegraph.com/news/hong-kong-100-mainstream-media-establish-global-media-blockchain-alliance