Major central banks have been watching how Nigeria’s new central bank digital currency has fared since its launch a year ago as they prepare to introduce digital currencies in their own countries, said Nick Corbishley, investigative journalist and author.
The current push for centralized digital currencies was made feasible through digital identity technology that enabled a level of control over people which was unimaginable 10 or 15 years ago, Corbishley said in a recent interview for EpochTV’s “Crossroads” program.
Corbishley wrote the book “Scanned: Why Vaccine Passports and Digital IDs Will Mean the End of Privacy and Personal Freedom.”
Digital currencies are issued by central banks directly to consumers, individuals, and businesses, cutting out the middlemen, although some big intermediaries could still be allowed to exist, Corbishley said….