Post
Topic
Board Bitcoin Discussion
Re: China is the biggest user of digital currency, its just not bitcoin
by
Baofeng
on 06/11/2021, 19:22:11 UTC

https://www.theregister.com/2021/11/05/digital_yuan_140m_wallets/

You lot won't like this, but here is a digital currency that is actually used to buy things. Something that bitcoin has failed to do in 10 years.

The writing is on the wall.

Do Chinese people have any other choice here? Lol. That's why their government build their own CBCD, so don't be surprised that maybe by the end of next year, billions of Chinese have one time or another uses their CBCD to do online transactions specially if they are going to interact with their government.

Just to be fair, bitcoin can be used to purchase things as well. And they are not even comparable to CBCD of any nations, or like in this example the Digital Yuan.