It wasn't possible before advanced computers and internet, now it is possible, simple as that.
They will promise to put drug dealers, banks and crooked politicians out of business that will be the hook. I don't particularly approve just know that it is coming with or without my approval. Of course barter will always be available until your children are fully trained to fink you out.
Read the article that it will affect people who do not have bank accounts the most.
What I see coming is organizations like community groups setting money related services like credit unions.
As I alluded to before, the technological capability may be there, but technology has limitations and vulnerabilities such as electric grid failure, local power outages, natural disasters, etc. What about the EMP explosive vulnerability we have all heard about? What about hackers taking the system down? Sure, it’s doable on one level, but the reality is that it places the populace at great risk when things don’t go quite as planned, and there are plenty of ways for it to go bad and hurt a whole lot of people.
The Smart play is not to roll over and accept it, but to resist the lunacy. . . and believe me, it is totalitarian lunacy.