Now, a year after its launch, the adoption of the eNaira is not going quite as the government had planned as only 0.5% of Nigeria's 217 million citizens are using the central bank issued digital currency, according to a report from Bloomberg.
The risk isn't the electronic part, that's inevitable - it's the fact that a central bank will oversee the digital currency.
CBDC Central Bank Digital Currency or the Digital Dollar is now in beta test mode. The Federal Reserve has initiated a 3 month trial with Citigroup, HSBC, Mastercard, and Wells Fargo. Digital currencies will change the privacy potential of money fore
Josh Sigurdson talks with David Martin, PhD about the technocratic takeover of humanity by globalist bankers and eugenicists.
The project, which is called the regulated liability network, will be conducted in a test environment and use simulated data, the New York Fed said.
Global banking institutions, such as Citibank, HSBC, Mastercard, and Wells Fargo, have partnered with the New York Federal Reserve to start a 12-week "digital dollar" pilot.
In the slipstream of "big" issues, there is a stubborn struggle in many countries to keep cash. Many governments want to gradually phase out cash and are aiming for purely digital currencies in the future.
As central banks and globalist institutions rush to transition the world to digital currencies, Austrian citizens just delivered a huge grassroots rejection to ending cash
What are the technological implications| of a cashless society?
A Starbucks store with a sign declaring that it will be going cashless has sparked widespread outrage and more than a little speculation, with many believing that this will apply to every store in the UK.
Digital Dollars is the unofficial tag for the Central Bank Digital Currency or CBDC. The USA is on its way to implementing CBDC. China is the first and is already using digital Yuans today so the US has no choice but to proceed. This technology has s
Because of the Pandemic, there has been a big move to contactless payments. Many stores in the US no longer accept cash. But a cashless society has many unplanned negatives. Without alternative means of payment, we will lose a significant amount of p
The endgame is to total control of the slaves with a cash-free system. Those at the top will fully control a central bank digital currency or CBDC, and once they roll it out, it's game over for the slave class.
Amazon's palm-reading payment technology will expand to dozens of Whole Foods locations across California.
Canada's Rogers Communications Inc. reported widespread network outages on Friday morning, affecting financial institutions, government agencies, law enforcement, businesses, and wireless phone and home internet customers.
I've been addressing the war on cash lately, and for good reason. While everyone's attention is focused on the war in Ukraine, inflation and the Supreme Court, government plans to eliminate cash are accelerating.
Financial services provider Mastercard has earned one of three accreditations under Australia's Trusted Digital Identity Framework (TDIF). The accreditation is a major step by the company which aims to be a TDIF accredited identity provider, exchan
Coming off the heels of nonsensical and unconstitutional lockdown measures, it seems our descent into a cashless world is still on track, and may even be ahead of schedule.
As the architects of the Build Back Better society assist you in creating easier ways to show your vaccinated and compliant status, perhaps it is prudent to pause and think about the discussions that take place behind the opaque glass doors.
Just as "vaccine passports" are meant to control movement, so is a "cashless society" meant to control your economic life and what you can purchase.
At all Kings Island park locations, only credit cards, debit cards, Apple Pay and Google Pay will be accepted beginning in mid-July.
It was supposed to be the biggest threat to the reserve status of the dollar (China's denial that it has no desire to replace the USD with the digital yuan only confirms it) since the failed experiment that is the "whatever it takes" euro, but instea
Despite the concerns about digital privacy being invaded by the "vaccine passports" ...