The EU Commission will provide funds to a consortium whose job is to launch a payments pilot for the bloc’s digital ID wallet.
The NOBID (Nordic-Baltic eID Project) has been chosen to head a multi-national consortium comprising a number of companies such as Thales and iProov, who are expected to start the pilot focusing on payments – one of four EU digital identity pilots – in March 2023.
“iProov is delighted that the NOBID consortium has been awarded funding and chosen to proceed with the pilot,” said Andrew Bud, founder and CEO of iProov. “This project will prove biometric-enabled Verifiable Credentials can address the emerging challenges of the increasingly complex world of payments.”
Other than the two companies, what is referred to as “technological partners” includes Signicat, RB, Auðkenni, IPZS, Poste Italiane, Intesi Group, InfoCert, FBK and Latvian State Radio, and Television Center.
NOBID consists of Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden, while, as previously announced, six states will make up the consortium – Denmark, Germany, Iceland, Italy, Latvia, and Norway.
They have been entrusted by the Commission to “pilot and shape” the future of digital payments and identity for EU’s 27 member countries. The funding will come from the EU Commission’s DIGITAL Europa Program.
In addition, banks and financial companies from Germany, Norway, Denmark, Italy, and Iceland will also be involved (DSGV, DNB and BankID, Nets, Intesa Sanpaolo, PagoPA and ABILab. and Greiðsluveitan), with the consortium tasked with developing the pilot backed by several digital government agencies and technology providers, NOBID announced.
NOBID representatives are convinced that they already have enough experience to produce a large-scale payments pilot, which is described as a top priority in the EU’s “vision” of its future digital ID wallet.
NOBID also said that the payments pilot will be based on existing infrastructure, to provide payment issuance, instant payments, account-to-account transfers, and payment acceptance both in-store and online.
Last month, the EU claimed its digital ID wallet will be ready in 2024, centralizing citizens’ identity documents such as national ID, driving license and bank accounts.
The criticism of the scheme comes both from privacy advocates and companies. EDRi (European Digital Rights), an association of civil and human rights groups, said it would be unconstitutional and illegal in several countries, such as Germany, Austria, and the Netherlands.
Meanwhile, companies worry about the cost of integrating the digital ID wallet with their infrastructure.
In its 2023 Global Investment Outlook, multinational investment firm BlackRock stated that “we’ve entered a new world order,” in which “geopolitical cooperation and globalization” are “evolving into a fragmented world with competing blocs.”
Technocracy is scientific dictatorship and it is rising up all around us. Americans need to take eyes off of political dogfights and see that the Biden Administration is spending billions to embed “SMART CITY” technology all across our nation. It is the infrastructure of a gulag without physical walls.
The monitoring of personal behavior by banks will take another step forward as Canadian credit union Vancity launches a new credit card technology to report users’ carbon emissions.
We recently reported that the Federal Reserve plans to launch a 12-week pilot program in partnership with several large commercial banks to test the feasibility of a central bank digital currency (CBDC). The US isn’t alone in experimenting with digital currency. India is working on developing a digital rupee and recently announced the second phase of testing.
It’s important to state what is happening if Tether is not actually backed by the dollars that it claims. If Tether Limited is pumping out new Tethers without actually taking in an equal amount of USD, then it is essentially a privately-run money printer.
Visa, the Official Payment Technology Partner of FIFA, is set to bring what it calls “innovative” biometric payment technologies to the World Cup in Qatar, which starts on Sunday. Over one million football fans are expected to travel to Qatar for the quadrennial tournament.
No matter who runs for office, no matter who controls the White House, Senate or the House of Representatives now or in the future, “we the people” have already lost. We have lost because the future of this nation is being forged beyond the reach of our laws, elections and borders by techno-authoritarian powers with no regard for individuality, privacy or freedom.
Where payments meet digital ID.
Let me introduce you to Barbara Baarsma. Barbara is the CEO of Rabo Carbon Bank. Yes, you read that right. Not Rabo Bank but Rabo Carbon Bank. In this 53 second video interview below she is advocating for a "Personal Carbon Wallet". That may not seem like a big deal but when you hear what she has to say you should be concerned, very concerned in fact.
New biometrics identity credentials have been proposed or launched around the world as government digital identity schemes continue to roll out.
She said the system would allow wealthy people to buy carbon emission rights from those who can't afford to fly.
There is a willingness in this world for people to adopt new things because they are told to do so. There is also a willingness for people to sit back and let the course of human evolution be decided for them. Who said that merging with AI is inevitable? It’s only inevitable if we decide to do it. If we made a collective decision to start picking berries and hunting deer with bows and arrows, we could do that, too.