The End of Credit/Debit Cards

[Hispo]

Visa and MasterCard are businesses and they are not stupid, they are aware of the risks within the competition when comes to CBDS and the plans of the big governments to implement those digital currencies on the phones and desktop computers of each citizen. In my opinion, the government of the United States does not want neither Visa or Mastercard to suffer a crippling decrease of their value and utility because of the launching of the ce realized CBDCs in the USA, so both Visa and MasterCard will be adopted as operators of the centralized system of the central bank, in order for them not to go bankrupt. After all, those companies have much more experience than the central government when comes to managing a huge volume of transactions per second.

Credit cards and and debit cards won't immediately disappear, people will have the options to open their centralized wallet, but those who won't still will use their cards. Those, with the passing of the years, those cards will be indeed replaced. The end game is to break privacy down and further enhance control over the finances if the people, the average Joe who does not have power of choice on what banks do to his money when deposited...