It allows them to track every transaction. It allows them to log the location and time of the transaction, if not everywhere a person travels through the app. It allows them to limit where money is spent. It allows them to freeze anyone's monetary capacity completely. It allows them to add or remove from anyone's account (this has been talked about by the UK government). It allows them to enforce carbon limits. It allows them to do anything for any reason with money. They can easily hook this into a general digital ID, which would track everything.
Rome is currently using a "Smart Citizen Wallet" which tracks behavior to reward with discounts or free activities. This is dystopian.
Well, they started training everyone for that with their credit cards, which can also control where you shop or what you buy (at least, I heard of them doing this years ago over legal but shady/grey market matters.)
Mastercard has the Doconomy Black card that stops you from spending more money if you exceeded your carbon limit. In the countries they offer it, you can use an online calculator to determine your limit if you use any Mastercard.
Mastercard and PayPal have also been the companies that limit what stores are able to sell. Patreon has it's own issues, but it also had to kick creators because of Mastercard. If a credit card company bans your use, it can cause you to be banned from using other credit cards, like what happened after Majit Nawaz was listed as an Islamaphobe by the SPLC, resulting in him being banned by banking services.
It allows them to track every transaction. It allows them to log the location and time of the transaction, if not everywhere a person travels through the app. It allows them to limit where money is spent. It allows them to freeze anyone's monetary capacity completely. It allows them to add or remove from anyone's account (this has been talked about by the UK government). It allows them to enforce carbon limits. It allows them to do anything for any reason with money. They can easily hook this into a general digital ID, which would track everything.
Rome is currently using a "Smart Citizen Wallet" which tracks behavior to reward with discounts or free activities. This is dystopian.
Well, they started training everyone for that with their credit cards, which can also control where you shop or what you buy (at least, I heard of them doing this years ago over legal but shady/grey market matters.)
Mastercard has the Doconomy Black card that stops you from spending more money if you exceeded your carbon limit. In the countries they offer it, you can use an online calculator to determine your limit if you use any Mastercard.
Mastercard and PayPal have also been the companies that limit what stores are able to sell. Patreon has it's own issues, but it also had to kick creators because of Mastercard. If a credit card company bans your use, it can cause you to be banned from using other credit cards, like what happened after Majit Nawaz was listed as an Islamaphobe by the SPLC, resulting in him being banned by banking services.