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...
You definitely got into their minds there. Its not about it being centralized its about how they will be using this state controlled cryptocurrency forcing all countries that wants to make business with them to keep up. China is one hell of a economy that can bring everybody to join their cause because the nearby countries may not have the chance to make transactions if they don't adopt blockchain.
Bangladesh which is just nearby already expresses interest to blockchain. This is just one, the will be more coming to open their eyes and sees this is where the technology and businesses is going.