The Point – China’s Digital Currency

Summary:
China’s Digital CurrencyIt won't replace cash.It does not use blockchain. Even people who do not have a bank account will be able to use it.Foreigners travelling in China will find it very easy to use. China's #currency is going digital, with a July report showing that more than 20 million personal wallets and over 3.5 million corporate wallets were opened as of June. The transaction value has already reached 34.5 billion yuan (.34 billion). What do those numbers tell us? What can digital renminbi do that wasn't possible before? What other steps is #China taking to build a digital society, and why?[embedded content]The Post - China’s Digital Currency

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