What 100 Million ‘Unbanked’ Nigerians Can Teach Canadians About Central Bank Digital Currency
Despite credit cards, e-transfers, and online banking having already made money go pretty much digital, the Bank of Canada is busily working on a much bigger transformation. Canada is one of about 100 countries that—in uncanny synchronicity—several years ago joined the race toward retail central bank digital currency (CBDC).
Touted as the digital equivalent of cash, CBDC risks eroding the established banking system and, among many other problems, is likely to be vulnerable to hackers’ attacks which, should a foreign government use this as a tactic in “hybrid” warfare, might prove capable of destabilizing a target country’s economy.
https://www.theepochtimes.com/opinion/what-100-million-unbanked-nigerians-can-teach-canadians-about-central-bank-digital-currency-5537535?utm_source=ref_share&utm_campaign=copy
I posted this here on May 7 and thought it was done "Went to public library to do my census and consistent with the luck I have got the long form. About 70 WOKE questions and questions that are none of their business IMHO as they don't care about real Canadians. I just filled out the number of residents as it is starred and then just kept hitting next until the end. Had a 15 minute timer and it took me 15 minutes. Could leave comments but by then out of time and patience. 🤮"
Imagine my surprise when a census worker showed up at my door yesterday because I hadn't done. She knew I had the long form and had it with her for us to complete and I told her when and where I filled out, even approximate time of day, and she asked for confirmation code so went to work trying to find. When you are rushed naturally can't find so said that I couldn't find. Found as soon as she got back to her car and showed her before she drove off. I can't hate this country enough as I know that because I only ...
