2023-04-25

We have all been aware of the so-called digital currencies that  seemingly only tech-heads can hope to understand - a revolution that Bitcoin set of with panache and that has spawned an unimaginable number of digital blockchains that all seem to suffer from the same problems - they depend 100% on (a) the internet staying operable and (b) the punter remembering his access codes ... both real killers if you are out of internet range or occasionally forgetful.

Undaunted, the bankers recognise a control mechanism when they see one and they are all lining up to ensure that we transition (at whatever speed we can manage) to their favoured system. Of course it will initially operate alongside cash as a convenient alternative to cash and cards, but for how long, and will there be limits (yes there will)?

Here's a quick summary of the primary protagonists:

The IMF Launches A Digital Currency For Use By Banks Around The Planet

The digital pound: A new form of money for households and businesses?

(More about the Bank of England)

and not to be outdone, the EU launches it's plans:

(15 minutes)

Like / Dislike this video here.

And this is possibly the antidote, according to some: 

Hidden secrets of our money