Mandatory digital ID for banking is the future
Mandatory digital ID for banking is the future
The plan to use the Fayda as primary ID for banking operations will significantly improve transparency, stability and security in Ethiopia’s financial sector.
This article is about Ethiopia but in my country a digital ID for banking and national services has been mandatory or near impossible to use without.
I know some people say that it is possible to live outside the grid, but this is becoming increasingly difficult and cumbersome. The road ahead is paved with increased financial surveillance, probably connected to the social credit score or carbon tax / score system.
In our banking apps today we can “see” how much co2 emissions a purchase has created. God knows how this is calculated. Wishing everyone good luck in our dystopian future 👌