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this post was submitted on 24 Oct 2024
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Do you like the idea of all our payments for everything going through a private duopoly who takes a cut of every transaction?
We don't have a digital option that's open or private.
I don't, so sign me up for the fight for better digital options. In fact I frequently advocate for a BoC-managed alternative to Interac. Even the US with its ridiculously contrived banking system is already working on it (FedNow).
But I don't see the need to wait for that, we can go cashless AND work on better digital options simultaneously.
The closest thing we have to a private digital cash that is not crypto is GNU Taler.
https://taler.net/