While many people rightly say that money is already digital, when world leaders say the word "digital money" today, it means cryptocurrency, which is now part of a worldwide scheme to monitor your actions and control your money. This new form of currency will require you to have a unique digital wallet, which is essentially a digital ID.

Last Spring, European Central Bank President Christine Largarde said that the ECB will be ready to launch the Digital Euro by this October.

According to the Atlantic Council, 137 countries and currency unions are preparing for a Crypto Digital Currency. Three countries have already launched theirs, the Bahamas, Jamaica, and Nigeria.

CBDC's in the advanced stages are the Digital Euro, China's Digital Yuan, India's e-rupee, the United Kingdom's Digital Pound, Brazil's Digital Real, and Russia's Digital Ruble.