There are many interconnected paths to complete global tyranny. From Joshua Stylman at dailyskeptic.org:
To anyone who pays attention to these trends, it seems evident that Central Bank Digital Currency (CBDC) will be that new system.
Every indication is that CBDC’s arrival is imminent. On Tuesday, several global banks announced a partnership with the New York Federal Reserve to pilot digital dollars. Given the ubiquity of credit and debit cards, payment apps and other online payment systems, digital money has been bound to happen for some time. The risk isn’t the electronic part, that’s inevitable – it’s the fact that a central bank will oversee the digital currency.
From my vantage point, it’s impossible to overstate the risk presented by CBDC. Whether it’s a utopian vision based on good intentions or a sinister plot to crush our sovereignty, the result may be the same: control. A Central Bank Digital Currency has all the downsides of fiat money, plus the added layers of surveillance and programmability overseen by the state.