Post
Topic
Board Altcoin Discussion
Re: The digital Yuan is almost a fact
by
Johnyz
on 06/10/2020, 21:30:09 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


Their government are forcing their people to adopt change and to follow all the rules that is being set by the government so no doubt, people will adopt and the volume will continue to increase over time.

China is a cashless society since they so if you’ve been into China, its hard to transact using fiat money since most of the store only accept cash less transactions. Digital yuan is a game changer and a much pressure for cryptocurrency, I hope that China will also adopt bitcoin and make it legal.