Post
Topic
Board Altcoin Discussion
Re: The digital Yuan is almost a fact
by
tsaroz
on 06/10/2020, 14:53:29 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


And there are reports that the CCP is working on a nation wide retinal identity system where all the money resides in blockchain and when you buy a product or service, you can just show them an eye and the transaction would be done. No need to carry purse, cards or mobile. No hassle of passwords and OTPs. Go anywhere and the your money would be with you until you die. Your retinal identity would be linked to the your value. All of your medical and criminal data too would be on blockchain and the prices to goods and service would depend on how good your social credit score are. Not a use of blockchain we wanted but the one we are really getting.