This is the precursor to the "universal digital ID" Which will be attached to yy world coin account, they should be rolling out before 2030.
The whole idea is to get rid of all forms of physical currency as well as other digital currency such as bit coin across the world
The new digital currency will be programmable and will have an expiry date.
No one will be able to buy or sell unless they "vouluntrally" register for the UDid (sounds familiar)
When Klaus Schwab said You'll own nothing and you will be happy , he knew exactly what he was talking about.