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In Chinese supermarkets, facial recognition or QR code scan (linked to your CBDC account) now is mandatory for paying your goods. Many places don't accept cash anymore. If you are blacklisted by the Social Credit System, your payment will be denied. – Infinite Unknown

In Chinese supermarkets, facial recognition or QR code scan (linked to your CBDC account) now is mandatory for paying your goods. Many places don't accept cash anymore. If you are blacklisted by the Social Credit System, your payment will be denied. – Infinite Unknown
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China , Chinese , Social-credit-system , Wall-street-silver ,

China updates Social Credit System to incorporate Central Bank Digital Currency. Now minimum Social Credit Score of 350 needed for purchasing drinks from these facial recognition vending machines. Lower scores barred. If your score is too low, no drinks for you!! – Infinite Unknown

China updates Social Credit System to incorporate Central Bank Digital Currency. Now minimum Social Credit Score of 350 needed for purchasing drinks from these facial recognition vending machines. Lower scores barred. If your score is too low, no drinks for you!! – Infinite Unknown
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China , Central-bank-digital-currency , Social-credit-system , Central-bank-digital , Social-credit-score , Wall-street-silver ,

Passengers on China's metros now can travel by scanning their face or hand – powered by WeChat, China's digital wallet. It's convenient. The problem is Once you are blacklisted by the Social Credit System, you can no longer use WeChat, which means you can't travel, buy food… – Infinite Unknown

Passengers on China's metros now can travel by scanning their face or hand – powered by WeChat, China's digital wallet. It's convenient. The problem is Once you are blacklisted by the Social Credit System, you can no longer use WeChat, which means you can't travel, buy food… – Infinite Unknown
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Farage to Breitbart: On Verge of Banks Running Social Media Checks

Banks are working with credit agencies to roll out "word checks" of customers, Brexit's Nigel Farage tells Breitbart.

United-kingdom , British , Nigel-farage , Brexit-nigel-farage , Natwest , Bank-bends-the-knee-to-farage , Breitbart-news-daily , Fear-meant-even-rich , Breitbart-london , Cancels-closure , Desperate-bid , End-growing-scandal

Transforming Cross-Border Transactions: A Q&A with Collect & Pay Chief Executive Officer George Arakelov

In recent years, the global financial landscape has been undergoing significant transformations.

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'CCP-Style Social Credit System Has Arrived': Latest Case of Debanking Is a Wake-Up Call

Florida , United-states , New-york , Americans , America , Matt-taibbi , Rob-schneider-robschneider , Jamie-dimon , Joseph-mercola , Nigel-farage , Chase-bank , New-york-times

How's That Social Credit System Coming Along? Let's Ask Nigel

The social credit system is in Britain. It's just not formalized yet. The government and its corporate allies are officially out of control. This is America's future too. Nigel Farage explained what happened to him in the clip below. Nigel Farage received a letter from his bank describing

United-kingdom , United-states , China , White-hall , Orkney-islands , Chinese , America , Britain , Donald-trump , Sam-altman , Ross-clark , Nigel-farage

$12.67Bn Growth for Facial Recognition Market Size to Hit

Tech5, IDEMIA, Aware Inc., Cognitec Systems GmbH, Ayonix Corporation, Fujitsu Limited, Onfido, NEC Corporation, Thales Group, and Face PHI are the key...

Japan , India , Pune , Maharashtra , China , Chinese , Ankit-mathur , Mediatek-genio , Thales-group , Global-analysis-by-component-software , Mitsui-fudosan-co-ltd , Aware-inc

Black Mirror Predictions That Are Coming True

Black Mirror Predictions That Are Coming True
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Newsday

earlier, i spoke to vincent brussee, an analyst at the mercaytor institute for china studies — a european think tank — whose research focuses on china's social credit system. it tracks and evaluates businesses for trustworthiness — and digital media regulation. i asked him about china's need to pass this legislation the main reason china's authorities appear to be passing these amendments, because they are amendments to an already existing law, is that the authorities appear concerned that some foreigners may be using information on the chinese internet, sensitive information, to "smear china's image". i can think of humanising zengin, of the covid—i9 pandemic, forced labour practices, and china sees these pieces of information as a national security risk because they could lead to sanctions, and

China-s , Businesses , Research , Vincent-brussee , Social-credit-system , Think-tank , Trustworthiness , European , Mercaytor-institute-for-china-studies , Digital-media-regulation , Authorities , Legislation