• April 20, 2024

Visa & Mastercard: The Real Threat To The Digital ID Control System

 Visa & Mastercard: The Real Threat To The Digital ID Control System

By Corey Lynn and The Sharp Edge

The question isn’t whether Visa and Mastercard are at the forefront of the Digital ID control system, the question is whether Visa, Mastercard and central banks will be able to pull it off without the implementation of CBDCs. A “Digital ID” may sound convenient and harmless, but the intention behind it is far reaching – compiling and connecting data and biometrics while removing every form of privacy in order to control how one spends their money, achieves access to services, and ultimately takes control over all assets. This will have an impact on all areas of life, including education, healthcare, food, agriculture, transportation, real estate, and technology, which of course will all be controlled through the Digital ID connected to banks, and a person’s social credit score. This isn’t an imaginary scheme. These intentions are well documented by BIS, central banks, the World Bank, financial institutions, credit card companies, and government.

In simple terms, the Bank For International Settlements’ (BIS) blueprint proposes that all private property in the real world, such as money, houses, cars, etc., would be “tokenized” into digital assets within an “everything in one place” global unified ledger. Of course, smart contracts on a “programmable” platform with rules on how each asset can and cannot be used is the key ingredient.

By using fear of cyber attacks on any single institution, big Gov and financial institutions want everyone to believe that by consolidating all data and assets of a person’s life into tokens under a Digital ID will somehow protect them from attacks by having everything in one location.

Though many are under the impression that the battle is against the ushering in of CBDCs, it would seem that all of the appropriate financial rails and interoperability are already in place, or darn close to it, to expand on the mountain of identity verification processes already dialed in, to initiate the all-in-one Digital IdentityRead More

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