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posted ago by Degex ago by Degex +34 / -0

IMF’s deputy managing director Bo Li lauds CBDC’s ability to control what people buy

IMF praises India’s controversial digital ID system, Aadhaar

IMF meeting: CBDC should be tied to digital IDs to “push society into to new equilibriums”

IMF ponders ways to end people’s hesitancy to move away to cash

CDBC being Central Bank Digital Currency. Conveniency will forever be used to convince people to stop using cash, just like the birth of the credit/debit card. The do have their uses, you can quickly block a stolen card instead of waiting for the police to recover your money, in case you can't do it yourself. At the same time it's impossible for someone far away to steal cash from you (unless it's the government, of course) and much easier from a card. People are more and more willing to give up security just so they can buy stuff while sitting on the couch...

And as a bonus:Palm print payments are rolling out in China and the US tracking disguised as convenience, once again...