Government plans for full track and trace digital currency

[Amity Island]

Plans are underway to replace hard cash with a fully tracked and traceable Britcoin. Plans to pay cash directly into peoples accounts during future pandemics and financial crashes so people can be paid to stay at home.

Rishi Sunak plans to replace our cash with official digital currency

In what Treasury insiders say would be the biggest upheaval in the monetary system for centuries, the Bank of England would establish a direct digital equivalent to physical money.

www.dailymail.co.uk

 

[everydayupsanddowns]

I don’t read the DM, but personally I can’t believe this is anything other than the sort of clickbait-y speculation they use to create clicks and advertising revenue 🙂

 

[trophywench]

No ta ! 😱

 

[Barfly]

I can see this working for the government, it will replace the GIRO and other payments. I bet the powers that be love the fully traceable bit.

 

[Bruce Stephens]

I don’t read the DM, but personally I can’t believe this is anything other than the sort of clickbait-y speculation they use to create clicks and advertising revenue

A number of countries have been said to be doing something similar, so it would be surprising if nobody in our government was thinking about it. But yes, seems mostly like something someone overheard officials laughing about in the pub than a serious proposal that we might see anytime soon.