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This is one of those signals - among others - that China is farther along the next technology curve (whatever it will be) then the U.S. They basically skipped p
by anongraddebt 8y ago
This is one of those signals - among others - that China is farther along the next technology curve (whatever it will be) then the U.S. They basically skipped plastic and went straight to digital/mobile. If the next wave of startups coming out of China can crack international markets, like U.S. based startups have always done, then... look out.
- NTDF9 8y agoSame in India. There are more digital wallets than plastic. Even villagers in remote districts understand a digital wallet.
- anongraddebt 8y agoYep. You'll find structurally similar examples from the late 19th century when England passed the torch of tech innovation to the U.S. Same goes for business history. Companies built from the ground up on the new technology tend to have the wind at their back.