Episode 1506 • • 2:44:45 - 2:49:12
1506: Dr. Whoopi
Central Bank Digital Currencies, Canadian Digital Loonie, and Privacy Risks
The Bank of Canada is researching a "digital loonie" CBDC, which proponents claim will offer the anonymity of cash while preventing money laundering. Critics pointed out the inherent contradiction in "authenticated" digital wallets that also claim to protect privacy, suggesting the system will be used for total financial surveillance. The segment also touched on the future of QR codes in commerce, including their use for "preloaded" credits at restaurants like Waffle House.