ROYAL BANK OF CANADA
Repost…see first comment for update….comments ?
A reader sent this link which he got in an email this morning…here is his comment
Get a load of this Gary…the end is near…we will become Digital Slaves with only ” Good Little Sheeple” access
This popped up on my online RBC account this am:
https://www.rbcroyalbank.com/dms/olb/EAA-summary/
Read the Q&A at the bottom….we’ll have NO Choice!!!!
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If anyone is interested and understands this sort of language could you please critique these changes .
Is this the beginning of Digital banking ?
https://www.rbcroyalbank.com/dms/olb/EAA-summary/
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Here is my comment to the sender….
Thanks
I am not qualified to understand or comment on what this all means
Banks often make changes to their protocols but this does seem like BIG changes
However how is this different from present banking options ?
All online banking is “digital” n’est pas ?
You can still walk into a branch and deposit or extract cash or do so by bank machine.
This is way above my pay grade to understand what changes have been made but on the surface I don’t see this as forcing you to do banking which has MORE surveillance than it does now
Even Now when you pay by any card…all transactions are known to the financial institution…but they cannot tell exactly what food you are buying at the grocery store or what products you buy…just the Store and Location…I don’t see a change there.
Something is UP though
Lets see if we can figure out what
update from Matrix
Spoke with the manager. Its because so many of our payments are made online to numerous businesses etc you must agree to keep online banking otherwise you must do so through your branch. Its 3rd party protection for them and the customers , sure whatever!!
He admitted that its one step closer to Digital ID and Digital banking as the bank now will allow customers to open an account online by providing a Driver Licence ID and a cell pic this is whats new and eventually in his opinion everything will be going exactly where you and I and many others have known for years an entire Digital existence………
NO idea how we’ll dodge this buddy…UGHHHHH
One of the major issues with digital currency is that it is public for all to see.
If I send money from my wallet address to someone else then that person can see ALL the transactions from that wallet address from the beginning of time.
Should we end up being forced into digital currency its going to to take some ingenuity to fix the lack of privacy. There are solutions out there, but I can assure you the powers that be are not interested in that at all.
Thanks Dadoc……good assessment
Ingenuity is US….we have some very bright entrepreneurs everywhere….we will stay a step or 2 ahead of them
Optimism !
Isn’t that because it is on a blockchain so everyone else can see the trail? A CBDC isn’t necessarily going to be on a blockchain. The govt. doesn’t care or even want everyone to see everyone else’s chain. They (the govt) will see it but only them.