The end game is a digital transactional system where you own nothing but are given credits to obtain what you need to survive. Exhibit any behavior they find objectionable and your credits will be suspended. (Think China’s social credit system.)
It tracks the “environmental impact” of everything you buy (including food) and cuts you off when you “used up all your carbon credits.”
- That’s right, it’s the first credit card ever to stop you from overspending based on the level of CO2 emissions generated by your consumption. It’s presented as an “educational effort,” according to one of the founders.
- Now Mastercard will “team up” with Doconomy, as announced in a Tweet recently.
Welcome to the “Great Reset” in the world of credit cards.