Seems like a great way for them track every single thing you buy.
Well it's not mandatory to use the digital currency so not every single thing. Actually very few people are using it at the moment.
And I guess nobody willing to hide the transaction would use it.
It definitely will take time to catch on.
For a person with a bank account, it would be easier to do a wire transaction with fiat, wouldn't it?
More privacy in it as well.
More privacy: absolutely!
However it's easier to transfer money with this new system than doing a wire transfer when using the mobile phone.
You just need to enter the destination phone number and the amount.
To do a wire transfer (at least here) you need to previously register the destination so it normally takes several minutes.
But yes it will be more useful for people that don't have a bank account, a smartphone or a mobile Internet connection.