CBDC: Huge blow as several states in the US ban the digital currency

The CBDC (Central Bank Digital Currency) has been banned in two of the biggest states in the US which will put the entire idea of a digital currency in the bin where it belongs.

Florida had already banned the thought of a digital currency and now Texas has followed along with Louisiana, Alabama and North Dakota.

UK Prime Minister Rishi Sunak will be watching closely as its expected more states in the US will follow and ban digital currency due to several factors such as security and elderly and vulnerable people need cash, some pensioners do not even know how to work a computer!

If a digital currency exists even with the best security in the world, it will be prone to outages meaning people will not be able to do anything! everyone would be stranded, it will be a huge target for scammers.

A CBDC would also mean the government would be able to track what you are doing and sooner or later will start to restrict your money which is one of the biggest concerns in the US.

Here in the UK we are seeing banks vanish from the high street at a fairly fast pace, the government trying to buy time telling people they will make sure banks set up hubs, or telling people to use post offices for cash withdrawals.

Do not buy either what the government of the Bank of England are saying that a digital currency will work side by side with cash, since by then hardly any banks will be around getting your hands on cash will be restricted.

We see some shops including Manchester United Megastore only accepting card payments, the more this continues the more cash will not be accepted and so for all of us the only way to buy food and other items as normal is to use card payments of your mobile phone.

It is great the US states are blocking the move to a cashless society and we must follow them, the way to stop a digital currency is to only use cash, if a store says card payments only do not accept it and use another store, the more people accept card payments the more the government and the Bank of England will believe the digital currency will be popular.

Whilst many people find card and mobile phone payments a breeze at this time, once operational fully all your transactions then will be tracked and as stated could be restricted at some point in the future and you wouldn’t have a bank to go to or anywhere to complain about it.

By also using these payment methods now you are also putting at risk tens of thousands of elderly people and vulnerable adults who need cash and these are the facts! we ask you to not be using your card or your phone unless you really need to.

GB News gained over 300k signatures to stop a digital currency recently which was a superb effort and one we fully back! you can add your signature and learn more about the appeal here: https://www.gbnews.com/cash