We are living in exciting times. The Signposts point to Jesus soon return.

Wednesday, September 3, 2014

Ecuador gives details of new digital currency

Prophecy Sign:  The coming cashless society and the global digital economic system

How do you take control of the entire economic activity of a nation and its people?  Get rid of cash and implement a digital currency.  There will still be bartering of course, but it's a good bet that your local Safeway won't take a cord of wood or a fridge full of frozen fish in payment for your families weekly grocery bill.  Bible prophecy indicates that no one will be able to buy or sell without first taking the Antichrists mark of identification.

So that they could not buy or sell unless they had the mark, which is the name of the beast or the number of its name. Revelation 13:17 NIV

Ecuador gives details of new digital currency
The Ecuadorean government has released more details of its plans to create what it calls the world's first digital currency issued by a central bank. Central bank officials say the electronic money, as yet unnamed, will start circulating in December. The new money will be used alongside the existing currency in Ecuador, the US dollar. President Rafael Correa has said the digital currency will help those who cannot afford traditional banking. Central bank officials say the electronic money will be used to pay government bureaucrats in a "hygienic manner". The electronic currency is also designed to help poorer Ecuadoreans make and receive payments using mobile phone technology. Such mobile payment schemes have become very popular in African countries where they are privately run.

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