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/