Better Than Cash Alliance
| Better Than Cash Alliance |
|Founder||• United Nations Capital Development Fund|
• Bill & Melinda Gates Foundation
• Ford Foundation
• Omidyar Network
|Sponsored by||Bill & Melinda Gates Foundation, Citigroup, Omidyar Network, The Ford Foundation, USAID|
|Membership||• Ruth Goodwin-Groen|
• International Rescue Committee
• Clinton Development Initiative
• European Bank for Reconstruction and Development
• Grameen Foundation
• The Coca-Cola Company
|A lobby group to accelerate transition from cash to forced digital payments|
The Better Than Cash Alliance is a global partnership of 75 governments, companies, and international organizations that accelerates the transition from cash to digital payments, “bringing everyone into the system", as the head of Paypal, Dan Schulman, defined it at a Financial Inclusion Forum in Washington in 2015.
The system is the one in which Paypal, Microsoft, Citibank can make money with every transaction and, as Microsoft founder Bill Gates made clear at the same event, in which the US government can track, save and if necessary block every transaction.
Sudan as Guinea Pig
In June 2020, the Republic of Sudan announced a commitment to accelerate the transition from cash to digital payments. The government announced it "commits to increasing financial inclusion and transparency, taking steps to build an economy that benefits all citizens." Of course, transparency means better monitoring of money flows. Sudan is a country with an economy destroyed by a foreign sponsored civil war and US financial sanctions. The cashless program would make Sudan very vulnerable to renewed sanctions or sabotage.
The "carrot" used in the Sudan project is called Sudan Family Support Program, financed by the World Bank, a close ally of the Better Than Cash Alliance. The program will provide monthly direct digital transfers of $5 per person to around 80 percent of Sudanese families. The program might be tied to a biometrical register of the population, and a link to a mobile phone as a surveillance device.
The 'voluntary' commitment to abolish cash and the accession to the Better Than Cash Alliance are the work of the interim finance minister Ibrahim Elbadawi. The US-trained economist had previously worked for the World Bank in Washington for many years. Since 2009, he has also been a Visiting Research Fellow at the Center for Global Development in Washington, which is funded by the Bill & Melinda Gates Foundation.
|Bill & Melinda Gates Foundation||Very influential and rich foundation established to take leadership of global health.|
|Omidyar Network||"A philanthropic investment firm"|
|The Ford Foundation|