The Experiment Begins: Cashless Society Arrives in Africa Biometric Natl Identity Smart Card

The Experiment Begins: Cashless Society Arrives in Africa Biometric Natl Identity Smart Card

Submitted by stm on Thu, 05/16/2013 - 10:09in


"As part of the program, in its first phase, Nigerians 16 years and older, and all residents in the country for more than two years, will get the new multipurpose identity card which has 13 applications including MasterCard’s prepaid payment technology that will provide cardholders with the safety, convenience and reliability of electronic payments...
The problem with a cashless society is that the state can terminate your electronic financial lifeline if anything were to happen within the country, for example any form of protests, economic downturns, a war or if a financial institution such as MasterCard were to go bankrupt. There are many other reasons that the state or its’ corporate backers can decide to turn off the RFID chip. When you a have a powerful financial institution issuing payments electronically with a government that is supported and controlled by Washington, unlimited control of the populace becomes inevitable. 70% of Nigeria’s population is living below the poverty line as of 2010. How can MasterCard and the Nigerian government benefit millions of Nigerians who are living in abject poverty? Is MasterCard going to offer low interest rates on its credit cards in a country that has a more than 70% of the population in poverty with many living with less than a dollar a day?"
http://www.globalresearch.ca/the-cashless-society-arrives-in...



http://www.dailypaul.com/285670/the-...ity-smart-card