The governor of the Central Bank of Sweden comments our payment systems.
Here’s an AI translation of the text into English:
“Given the geopolitical situation, it is important to create European systems in a number of areas. This is according to Riksbank Governor Erik Thedéen in an interview with Ekot’s Saturday program, where he emphasizes that Sweden’s payment systems should not be as dependent on the USA as they have been. As an example, he points out that the two dominant credit card issuers, Mastercard and Visa, are American. ‘It is probably wise to consider that we should also have European or Swedish systems that function in case the American ones do not,’ he says. According to the central bank governor, Swish is ‘a certain complement.’ He also highlights that other countries, such as Denmark, have their own national credit cards.”


Eliminate the need for central banking altogether, buy and sell in Bitcoin
BTC is highly inefficient.
Central banks are good, as they can manipulate interest rates to avoid recessions. This is not possible with BTC.
The USD was tied to gold during the great depression. This fact was one of the biggest reasons why the depression lasted so long. Had the USD not been tied to gold, the depression would have been much shorter.
If BTC becomes the primary method of transaction, be prepared for recessions to be as devastating.