Digital payments and currencies: will the West be able to catch China?
It would seem, on the face of it, that many so-called sophisticated Western economies and their central bankers are juxtaposed to the way in which China is approaching digital currencies. The Chinese are continuing to roll out their own version of a Central Bank Digital Currency (CBDC) to cover a total of 10 cities, spanning 100 million people. According to Coinidol: “Over 200 vendors employed to hold the 2022 games began enabling digital payments conducted with the help of e-CNY. Among other items, the Chinese will be able to...
It would seem, on the face of it, that many so-called sophisticated Western economies and their central bankers are juxtaposed to the way in which China is approaching digital currencies. The Chinese are continuing to roll out their own version of a Central Bank Digital Currency (CBDC) to cover a total of 10 cities, spanning 100 million people. According to Coinidol: “Over 200 vendors employed to hold the 2022 games began enabling digital payments conducted with the help of e-CNY. Among other items, the Chinese will be able to...
