Cash Archives - Slay News

IMF Announces Single Global Digital Currency in Push to Eliminate Cash

The head of the International Monetary Fund (IMF) has announced that the global body is "working hard" on the development of a single "global" digital currency. During a presentation at a conference in Morocco, IMF Managing Director Kristalina Georgievahe announced the plan to introduce a universal Central Bank Digital Currency…

WEF Pushes for ‘End of Cash’ amid Banking Crisis

The World Economic Forum (WEF) is hailing the opportunity presented by the global banking crisis to advance toward its goal of a "cashless society." Klaus Schwab's WEF believes that the recent collapse of several large banks has created an ideal argument for "the end of cash." The WEF has teamed…

Biden’s Push for Digital Cash Raises Major Concerns

As Democrat President Joe Biden continues to push for "digital cash," major concerns are being raised about the implications of a "cashless" society. Since January 2021, Americans have endured the many horrors introduced by the Biden administration. Open borders inviting millions of unvetted illegal immigrants, including human traffickers, criminals, and terrorists; economy-destroying…

European Union to Ban Cash Transactions over €10,000

The European Union is introducing new laws that will ban transactions over €10,000 ($10,557) in a major push toward an eventual cashless society. However, the laws also seek to impose stricter controls on cryptocurrency and will track crypto payments above 1,000 euros ($1,055). EU leaders ostensibly claim that the new…

European Central Bank: Cash ‘Not Fit’ for Digital Economy

The European Central Bank (ECB) has dismissed privacy concerns about a central bank digital currency (CBDC) and declared that physical cash is "not fit" for a digital economy. According to a new paper from the ECB, cash is no longer a useful tool, and a CBDC is the “only solution”…