China launch digital Yuan to "help the world"

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Is this the first shot of the coming digital currency wars of the 2020's?

See David Lee from Singapore University of social sciences in the video (from 05:10).

BEIJING, Dec. 28 (Xinhua) -- Imagine a digital currency that can be used even without the internet, one that does not have to be linked to a bank account and is treated just as bank notes and coins.

China's digital yuan, although still being piloted, promises to include more people in this fast-developing digital era, making daily life easier and digital payment more secure.

Source: Xinhua

Meanwhile Bitcoin is booming in the West due to lacking trust in traditional currencies and increased institutionalized adoption.



Posted from my blog with SteemPress : http://plausiblefutures.com/china-launch-digital-yuan-to-help-the-world/


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