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Keyword: digitaltyranny

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  • Savings app CEO says 85,000 accounts locked in fintech meltdown: ‘We never imagined a scenario like this’

    06/14/2024 6:28:47 AM PDT · by george76 · 24 replies
    CNBC ^ | JUN 1 2024 | Hugh Son
    For three weeks, 85,000 Yotta customers with a combined $112 million in savings have been locked out of their accounts, CEO and co-founder Adam Moelis ... The disruption, caused by a dispute between fintech middleman Synapse and Tennessee-based Evolve Bank & Trust, has upended lives... “We never imagined a scenario like this could play out and that no regulator would step in and help,” . ... his company has been a source of deep pain for thousands of customers who relied on Yotta accounts to receive paychecks, pay bills and save for emergencies. The crisis began May 11, when a...
  • WEF Pushes ‘Digital IDs’ for ‘Every Citizen’

    07/23/2024 6:13:06 AM PDT · by george76 · 77 replies
    Slay News ^ | July 22, 2024 | Frank Bergman
    Unelected globalists at the World Economic Forum (WEF) are calling on governments to usher in “digital IDs” for members of the general public. The WEF argues that “every citizen” should be issued with digital ID as the world prepares for “cashless societies.” The new form of ID is part of the digital public infrastructure (DPI) plan being pushed by the WEF, United Nations (UN), European Union (EU), and Gates Foundation. While it will initially be used for IDs, DPI will be expanded to also support digital payments via central bank digital currency (CBDC). The plan to roll out DPI infrastructure...