Socio-Economics History Blog

Socio-Economics History Blog

UniCoin: “Universal Monetary Unit” Paves the Way to Global Currency

by mosesman

  • UniCoin: “Universal Monetary Unit” Paves the Way to Global Currency
    by Marie Hawthorne, https://www.theorganicprepper.com/
    In March, Daisy wrote about FedNow, the instant payment system currently in the works/  The American banking and government systems expect to start using it in July.  As Daisy discussed, FedNow isn’t a centralized bank digital currency (CBDC), but it provides the framework for one. 
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    I encourage you to read Daisy’s FedNow article.  It will give you a good idea of how digital payments will be initially billed as a convenience, then something we can’t do business without.  Read the article, and then imagine digital currency on a global scale.
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    This is in the works, too.
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    Worldwide digital currency
    On April 10, the Digital Currency Monetary Authority (DCMA) launched its international central bank digital currency.  Proponents claim that this Universal Monetary Unit (UMU, Ü) will be used exactly like any other form of digital money. 
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    Side note: DCMA has also been referring to the Universal Money Units as Unicoin.  However, since there is a separate cryptocurrency also going by the name “Unicoin,” we’ll refer to this as UMU. (source)
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    You may be wondering, what is the DCMA?  What countries is it affiliated with?  Is it part of the  United Nations? As explained in this Redacted video, DCMA is run by bankers and unnamed government officials from around the world.
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    The DCMA is described as “a world leader in the advocacy of digital currency and monetary policy innovations for governments and central banks.  Membership within the DCMA consists of sovereign states, central banks, commercial and retail banks, and other financial institutions.” 
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    On its website, the DCMA states that its mission “is to enable trade globalization through the monetary integration of international payments and settlements while strengthening national economies [sic] monetary sovereignty.  The first wave of cryptographic cash was designed for public untrusted networks.  The DMCA reimagines the next wave of cryptographic innovations engineered for adoption by central banks, retail and commercial banks, Fintech, governments, and cryptocurrency exchanges.”  
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    read more.

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