
Episode 571 • • 34:24 - 41:40
571: New World Odor
Better Than Cash Alliance, Bill Gates Digital Payments
The Better Than Cash Alliance is a global initiative funded by the Bill & Melinda Gates Foundation, Citigroup, and Visa to accelerate the transition from physical cash to digital payments. Critics argue that eliminating cash removes the anonymity of transactions and allows financial institutions to extract a percentage of every exchange through fees. The initiative is framed as a way to provide financial services to the "unbanked" in developing nations.
