As CBDCs Roll-Out, Elite-Backed Digital Payment Systems Vie to Build the “Global Payment Standard”
As CBDCs Roll-Out, Elite-Backed Digital Payment Systems Vie to Build the “Global Payment Standard” As Central Bank Digital Currency (CBDC) pilots proliferate, a myriad of elite-gilded and blockchain-powered digital payment networks are vying for their technologies and payment systems to be incorporated in the developing digital currency infrastructures of tomorrow. Their end game? A digital financial grid prime for abuse. BY STAVROULA PABST Idris Elba stars in a promotional video for Stellar’s “ Real World ” campaign, where he touts Stellar’s more “equitable” vision of finance, a future where opportunities are “borderless.” “If ideas are borderless, opportunities should be too,” A-list actor Idris Elba recently exclaimed in a video for cryptocurrency player Stellar’s “ Real World ” campaign. In the elaborate promotional video featuring Elba, traditional currencies are portrayed as unreliable and especially detrimental to marginalized people. An immigrant, working class-coded woma...
