Beijing has touted the digital yuan as a futuristic currency that will make buying things more convenient and secure. Officials also say that it could help those who don't have access to bank accounts and other traditional financial services.
tirsdag 8. desember 2020
China wants to weaponize its currency. A digital version could help
China wants to break the US dollar's stranglehold on the global financial system and gain greater control over how people spend their money. It's hoping a digital currency could deliver both. After years of preparation, the country began rolling out an ambitious test of a digital version of the yuan earlier this year. Pilots exist now in four Chinese cities, where transactions totaling more than 2 billion yuan ($300 million) have already taken place. If the program is expanded nationwide, China would become the most powerful economy yet to offer a national digital currency, beating a forthcoming digital version of the euro from the European Central Bank.
Beijing has touted the digital yuan as a futuristic currency that will make buying things more convenient and secure. Officials also say that it could help those who don't have access to bank accounts and other traditional financial services.
Beijing has touted the digital yuan as a futuristic currency that will make buying things more convenient and secure. Officials also say that it could help those who don't have access to bank accounts and other traditional financial services.
