400,000 people suddenly locked out of normal life
from CairnsNews.org
China’s digital economy is on its way to Australia as Labor’s Digital ID program kicks in for those who use Centrelink services.
Meanwhile the Reserve Bank is working tirelessly to create a functioning Central Bank Digital Currency which would operate through smart phones.
There are a number of pensioners and non-conformists who do not own a smart phone so how will these people function if they don’t have access to cash?
Some larger retailers have banned cash and some banks no longer operate with legal tender notes and coins and until there is widespread opposition to CBDC we could end up like China.
We suggest you patronise retailers and banks who operate on a cash only basis.