Assuming that they can receive and send their money quickly and conveniently with ecash, I speculate that they will never care about the difference between centralized and decentralized.
Would this not hurt bitcoin as a currency? Would this not only encourage bitcoin to be used as a speculative investment? How about mainstream adoption?
Read in full https://www.coindesk.com/pboc-governor-says-successful-digital-yuan-trials-have-transacted-299m
Despite the small success of high transaction demand in China, it is actually very difficult to approve Bitcoin.Would this not hurt bitcoin as a currency? Would this not only encourage bitcoin to be used as a speculative investment? How about mainstream adoption?
Read in full https://www.coindesk.com/pboc-governor-says-successful-digital-yuan-trials-have-transacted-299m
As Yi Gang said, this is just the beginning of a demo implementation using cryptocurrencies and their legal framework remains their biggest hurdle. It is really difficult to accept cryptocurrencies because if they cannot manage it well, money laundering will happen soon. And that will certainly affect the general economy in the future a lot.
So we should only be happy that China is showing a positive signal about Crypto, but the announcement of its widespread use has to wait a very long time
