Cashless Society

She was so excited about the convenience of face-scan payment in China...no card or phone needed ... 🤡 🌎 Wait until the govt decides your social credit score is too low for not doing what they tell you. No water for you until you receive your 4th booster. 😲

The Central Bank of Brazil plans to introduce a central bank digital currency (CBDC) by 2024, bank President Roberto Campos Neto said at a conference hosted by Brazilian news site Poder360 on Tuesday.

The Federal Reserve is sowing the seeds for its central bank digital currency (CBDC).

“The Government needs to become as flexible and mobile as an IT company, to automate all functions and services,… reduce 60% of officials, introduce large-scale privatization and outsourcing of government functions”: Ukraine’s Minister of Digital Transformation 

A DAD is the first Brit to get microchipped with a bank card implant — letting him pay with just his hand.

On Friday, the European Central Bank (ECB) announced that it had selected e-commerce giant Amazon.com (AMZN 0.92%) and four other entities to develop user interface prototypes for a possible digital version of the euro.

Campaigners say those at risk of being left behind as a cashless society looms include the elderly and vulnerable.

A multinational tech company is once again expanding the scope of its biometric data collection by adding a decidedly minuscule customer service improvement.

A new law is set to take effect in Israel starting August 1 that will ban payments of large sums of money in cash and bank checks. The goal of the reform, according to a statement issued by Israel’s Tax Authority, is to fight organized crime, money laundering and tax non-compliance.

Jamaica is in the midst of launching - and perhaps more importantly marketing - its own e-currency. The country's CBDC is called the Jam-Dex and it carries with it a tagline as relaxed as the nation's reputation: "No cash, no problem".