WEF: 98% of Central Banks Now Ready to Usher In ‘Cashless Society’
Frank Bergman
The World Economic Forum (WEF) has boasted that 98 percent of all central banks have now agreed to advance the unelected globalist organization’s “cashless society” agenda.
The WEF has revealed that most of the world’s central banks have been preparing to eliminate physical money and are now ready to make the switch to “digital cash.”
The revelation was made in a new white paper from the WEF which declares that nations around the world will soon be forced to adopt a Central Bank Digital Currency (CBDC) in place of traditional money.
In the report, titled “Modernizing Financial Markets With Wholesale Central Bank Digital Currency,” the WEF asserts that a CBCD will replace all other forms of money to serve as a global single digital currency system.
“CeBM is ideal for systemically important transactions despite the emergence of alternative payment instruments,” the WEF report states.
“Wholesale central bank digital currency (wCBDC) is a form of CeBM that could unlock new economic models and integration points that are not possible today.”
The report mainly focuses on the claimed goal of streamlining cross-border transactions.
The Bank for International Settlements (BIS) has been deeply involved in the streamlining effort for the past few years.
It also highlights an odd concept of differentiated CBDC mechanisms.