Post
Topic
Board Altcoin Discussion
Re: The digital Yuan is almost a fact
by
coin-investor
on 06/10/2020, 11:55:20 UTC
You can say what you like about Communist China but they have been more innovative than all other western countries so far. Now China is almost adopting the Digital Yuan and how far are we in the west with these developments?

Read more: https://www.worldcoinindex.com/news/china-central-bank-digital-currency-digital-yuan-already-conducted-pilot-transactions-worth-1-1-billion-yuan



This is huge and since the Chinese have business across the globe they can make an impact just got this excerpt from the article, they are geared to become the first and possible the biggest, and if they can make it in the market, they can make a huge impact in the community not only  in the Chinese community but all of us here.

Quote
The governor noted that more than 113,300 personal digital wallets and 8,800 corporate wallets have been opened as part of the pilot program. The Digital Yuan is used for several different payment methods like facial recognition, bar code, as well as tap-and-go transactions.