The message in the following was published on 13/03/2024, however, the number of new countries to use the VCPs platform can be increased to 5 countries each month as long as the servers and platforms can support this and also, if the countries are ready to join financially. If a country can’t join, adeguate support must be given and the queue can’t be skipped for any reason (the country in concern can use the funds of its support account to move towards using VCPs nationally). (Update published on 14th of May 2025).
VCPS REGISTRATIONS:
“Ukraine, Algeria, Palestine and Iraq are the first countries to use VCPs, inshaa Allah, for their support accounts although the payments through Square can continue.
While the US, China and Germany can choose to use the system during the first month or later.
Please arrange meeting with the banks in Palestine (occupied lands included) to ease the transition.
Successively, the Support accounts of Iran, Kuwait and Argentina will use VCPs (the next month after the launch), inshaa Allah.
While Japan, France and Brazil can choose to use the system during the second month or later.
Russia won’t be allowed to join the VCPs platform until 70% of the end-conditions are carried out successfully; while including the previously notified priorities.
Spain is suspended from joining the platform until further notice or until I establish a minimum percentage of the end-conditions of bans and lockdown to be carried out before joining”.
In addition to the previous message I would insist that financial companies, lending companies, building societies and banks that were registered in a certain country before or since 2019 can join VCPs along with the countries they were established in. For those registered after 2019 to the present time or from now on, there won’t be a chance to join VCPs before 2050. This measure is to protect the customers from possible manipulations by moving the banking business somewhere else.
Requests are made to ensure the auto-return of transactions if any of the above is not respected.