Banks Wary As Fed Speeds Up Digital Currency Initiative

Payments.com ^ | March 22, 2021

[Newbomb Turk]

Every transaction tracked and taxed. No more off the books working for cash.

What’s more, these people work for US !

Government is out of control.

[G Larry]

Try buying guns or ammo w digital currency.....

[Paladin2]

How will foreign aid to Ukraine be circled back to the BiXidens?

[datura]

This will cause a huge spike in Bitcoin and Ethereum- as people who desire privacy will stay away from the tyranny of Fedcoin.

[Boogieman]

Sure, it might if the Feds didn’t simply outlaw those alternatives like they outlawed private ownership of gold bullion when they got into the fiat currency business.

[redgolum]

The vast majority of currency is electrons now.

Many local stores are moving away from cash. Costs to much.

[meyer]

Imagine - e-currency where you can be cancelled at any time by the powers that be. Wrongthing = your money is no good.

Stick with cash.

[meyer]

wrong thing = “wrong think”

[RockyTx]

three party transfer... buyer seller fed

more like an account with the govt
that uses a QR code instead of a debit card

[cuban leaf]

I simply use a credit card for pretty much everything and just pay it off at the end of the month. Almost all my spending is “digital” currency.

[The Louiswu]

Better learn how to barter and get used to doing deals in out of the way places.

[databoss]

Fedcoin will ban bitcoin

[MAAG]

Stick with cash.

Remember when they outlawed gold? Very soon all cash transactions and bartering will be a crime.

[SamAdams76]

There is going to be a move away from cash.

At some point, the government will say that in 90 days (or some other time frame), all cash must be redeemed under the "new system" or it will be considered worthless.

[gattaca]

bmp

[ctdonath2]

I hate credit cards, but they’re too convenient to not use.

[Chode]

hell, ya can't buy that sh1t now with cash...

[foxfield]

I hate credit cards, but they’re too convenient to not use.

The "chargeback" is one real plus for credit cards. If you dispute a charge and cannot get satisfaction from the merchant, you can ask the credit card company to intervene and cancel the charge. You can't do that with a debit card, ACH transfer, or bitcoin.

[Varsity Flight]

Fahrenheit 45$💲