We are being herded towards a cashless society

Monica Singer, Africa lead for blockchain company ConSensys, argues that we should not fear the coming central bank digital currencies.

CBDCs may herd us towards a cashless society, which arms the state with the means to snoop on every transaction we make but limits can be placed on what size of transactions are visible to the SA Reserve Bank. Governments everywhere are being pressured into adopting digital currencies in competition with private currencies such as Bitcoin and Ethereum.

AUTHOR PROFILE

COMMENTS   0

You must be signed in and an Insider Gold subscriber to comment.

SUBSCRIBE NOW SIGN IN

LATEST CURRENCIES  

USD / ZAR
GBP / ZAR
EUR / ZAR
BTC / USD

Instrument Details  

You do not have any portfolios, please create one here.
You do not have an alert portfolio, please create one here.
INSIDER SUBSCRIPTION APP VIDEOS RADIO / LISTEN LIVE SHOP OFFERS WEBINARS NEWSLETTERS TRENDING

Follow us:

Search Articles:
Click a Company: