I know that some will be arguing that what China is cooking right now is not actually a real cryptocurrency due to its centralized and state-controlled nature. But what the heck, China is the next world superpower and it is seeing the vision of using cryptocurrency to further its entrenched economic position all the world.
I am seeing a great potential of this coming state cryptocurrency to be utilized in transacting business with China or in eCommerce department, and this is a huge potential. Jack Ma must already be thinking something how to exploit this great opportunity.
Are you seeing what I describe here? China is conquering the globe without using any sword...
Like, really. It's crazy how amazing the impact of China's adoption on blockchain. Considering how china is and how powerful they are, and their economy is one of the largest in the world, I could see a great future for cryptocurrency.
They're full of surprises. From the news I've read, China plans to make their own digital currency which will be called DCEP (Digital Currency Electronic Payment). I really.hope it all works out well even for us outside of China.