King Charles = Push to Digital Currency?
Sept 9, 2022 8:38:01 GMT -6
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stormyknight likes this
Post by sawdy on Sept 9, 2022 8:38:01 GMT -6
Recently, I saw a YouTube video about how Starbucks is no longer accepting cash.
I was thinking that with the passing of the Queen, it might be the opportune time (in their eyes) to bring out a digital currency in the countries that had the Queen on their currency.
There are 4.5bn sterling bank notes in circulation with the Queen’s face on them, worth a combined £80bn. Replacing them with alternatives featuring the head of the new monarch is likely to take at least two years. When the latest synthetic £50 notes were issued, the process of recall and replacement took the Bank of England 16 months...
...The Queen’s head also features on some $20 banknotes (and all coins) in Canada, on coins in New Zealand, and on all coins and notes issued by the Eastern Caribbean central bank, as well as other parts of the Commonwealth.
www.google.com/amp/s/amp.theguardian.com/uk-news/2022/sep/08/queen-death-cash-stamps-flags
So according to the Guardian, it will take likely two years to replace the Queen on currency. Given the times that we are living in and the push to digital currency, will the powers in charge use this as a time to push us towards fully digital? Then in time, they could potentially deem all money with the Queen on it as valueless as the beast system comes around.
Anyways, just sharing my musings today.
My husband figures that we won't see the end of paper currency in our lifetime but he also doesn't believe we are approaching or living in the end times. 🤦🏼♀️
I was thinking that with the passing of the Queen, it might be the opportune time (in their eyes) to bring out a digital currency in the countries that had the Queen on their currency.
There are 4.5bn sterling bank notes in circulation with the Queen’s face on them, worth a combined £80bn. Replacing them with alternatives featuring the head of the new monarch is likely to take at least two years. When the latest synthetic £50 notes were issued, the process of recall and replacement took the Bank of England 16 months...
...The Queen’s head also features on some $20 banknotes (and all coins) in Canada, on coins in New Zealand, and on all coins and notes issued by the Eastern Caribbean central bank, as well as other parts of the Commonwealth.
www.google.com/amp/s/amp.theguardian.com/uk-news/2022/sep/08/queen-death-cash-stamps-flags
So according to the Guardian, it will take likely two years to replace the Queen on currency. Given the times that we are living in and the push to digital currency, will the powers in charge use this as a time to push us towards fully digital? Then in time, they could potentially deem all money with the Queen on it as valueless as the beast system comes around.
Anyways, just sharing my musings today.
My husband figures that we won't see the end of paper currency in our lifetime but he also doesn't believe we are approaching or living in the end times. 🤦🏼♀️
