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The difference is that the largest trading nation on the planet just created a system for 0 fee transactions that can expand to global usage quite easily (I bel
by bingbong70 6y ago
The difference is that the largest trading nation on the planet just created a system for 0 fee transactions that can expand to global usage quite easily (I believe wepay/alipay were mostly intended for domestic use).
If a tiny country that produced nothing did this, it would be less relevant.
- yorwba 6y agoWeChat Pay and Alipay could expand to global usage even more easily, because they're actually in widespread use. Some stores in other countries already accept them as a payment solution for Chinese tourists: https://www.presseportal.de/en/pm/105224/3983905 https://www.presseportal.de/en/pm/105224/3983905 The only reason they're not freely available for anyone to use is that it would make it easier for Chinese citizens to move their money out of the country, which the government doesn't want them to do. The "digital yuan" isn't going to be different in that aspect.
- ngcc_hk 6y agoWell guess they can easily dig into the system and hence make sure those money out there are all theirs. As said, money inside China is not yours, ask a guy Ma. Now we may say, digital money of China is not yours as well, just the ccp.
- bingbong70 6y agoAre dollars really yours inside the sanction happy dollar system?