Quote from: semobo on Today at 06:36:30 PM

Quote from: G.Belaci on October 13, 2020, 09:28:10 AM

China is speeding it testing on the digital yuan. It will not take to long before the digital Yuan can be implemented and it believe China will become less independent on the US Dollar.

Is this a good thing or will China become even more economically powerful? https://www.worldcoinindex.com/nl/news/chinese-central-bank-deputy-governor-wants-china-to-accelerate-pboc-rollout

Making the Yuan digital is not going to change anything, the reserve currency will still be USD and there maybe some countries accepting as Yuan itself but it is not going to affect the price of US dollar globally. But USD has reasons as well to fall since more money printed in short time made the value to be inflated in the next few months...

although many countries prefer to use USD for transactions around the world, China is trying to beat USD by making Yuan, but unfortunately there are still many countries that have not accepted Yuan as an international currency.