But with a central bank digital currency, you could simply pay for the gas with an account you have at the Fed.
You would get rid of all the middlemen. You could bypass the merchant acquirer, the banks and the credit card company. A digital dollar would also eliminate many of the fees we currently face.
So yes, the payment system will be faster, cheaper, easier, more streamlined and more secure. What’s not to like as far as you’re concerned?
And that’s exactly how they’ll sell the new digital dollar system to the public. Here’s what they won’t tell you, as I’ve argued over and over again…
The digital dollar — again, what I call Biden Bucks — would basically end privacy as we know it.
