Plus the money is always in an account now, so it’s always available for banks to leverage for their profit. Instead of only when the dollar is deposited.
In a cashless world, banks can just make up how much money everyone has, while trading with it. All of it is just numbers in a ledger that banks handshake on “moving” from one place to another.
Plus the money is always in an account now, so it’s always available for banks to leverage for their profit. Instead of only when the dollar is deposited.
In a cashless world, banks can just make up how much money everyone has, while trading with it. All of it is just numbers in a ledger that banks handshake on “moving” from one place to another.