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Ecuador Electronic Payment System

Ecuador becomes the first country to roll out its own digital cash:

Once the government flips the switch, the South American nation of 16 million will host the first-ever state-run electronic payment system. Ref. Source 2

System Payment Electronic Ecuador

Interesting maneuver and I can see some savings in not printing money which wears out. I question how venerable this leaves the country to cyber hacking. On the other hand it does slow down tax evasion and the black market on money exchanges.

I have no doubt in my life time we will be all electronic and one world wide currency.

Ecuador Electronic Payment System History & Civil Business Politics

Ecuador better have a really good cyber security system in place or a move like that can cause riots if it isn't working properly.