Why does the US Federal Reserve and corporate media make it sound like “digital” money is something novel, when all monies have been predominantly digital for decades? It’s ridiculous. Slapping the word “digital” on money that’s already digital seems to just be a marketing gimmick.
I think it’s more about the development of cross border payment systems outside US control. If countries start trading using Chinese system then trade becomes completely opaque for the US, and they can no longer impose sanctions.
Yes, and SWIFT is no less digital. I’m only speaking to the silly “digital money” buzzword I’ve been hearing from governments, the WEC, and the media in the last few years. The fascist conspiracy theorists say it’s a (((globalist))) plot. It’s cringey any way you look at it.
oh for sure
blockchain money is different than banking credits/debits. More traceable/verifiable.