CBDC Archives - Page 4 of 4

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…

WEF Banker: ‘Digital Cash’ Will ‘Push Society into New Equilibriums’

One of the world's most powerful bankers has laid out plans for "digital cash" by touting the form of currency as a way to "push society into new equilibriums." The subject of Central Bank Digital Currencies (CBDCs) has been a hot topic during the 2022 International Monetary Fund (IMF)/World Bank…

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”…