Home / Sports / What China’s New Digital Currency Tells Us About a Cashless Future | WSJ

What China’s New Digital Currency Tells Us About a Cashless Future | WSJ

China is testing a digital yuan, aiming to accelerate the replacement of cash and increase state control in a society where digital payments via Wechat Pay and Alipay are already the norm. Here’s what Beijing’s new system looks like—and how it would work. Photo credit: Florence Lo/Reuters

More from the Wall Street Journal:
Visit WSJ.com:
Visit the WSJ Video Center:

On Facebook:
On Twitter:
On Snapchat:

#WSJ #DigitalCurrency #Money

About News Update

Avatar

Check Also

'It's instinct': Premier League managers sceptical of socially distanced celebrations

Premier League managers have expressed scepticism at the idea of socially distanced goal celebrations, after …

22 comments

  1. Avatar

    Love you 💋💋😘😘❤️💯

  2. Avatar

    NO THANK YOU 👎

  3. Avatar
    Андрей Пушкарь

    https://youtu.be/vDKG_WFLUi4

  4. Avatar

    Easily corrupted and or compromised.

  5. Avatar

    first give smartphone and lifetime 5g to everyone before giving digital currency

  6. Avatar

    Corrupt corrupt corrupt they should just adopt the BTC and be pioneers that way

  7. Avatar

    With this China can control every penny in your pocket.

  8. Avatar

    How long would it take to create ultra high bandwidth brain-computer interfaces to bind humans and centralized artificial intelligence? Or is it impossible that the majority people will unify to launch EMP attacks to take down all surveillance, mass produce fake death certificates, have facial reconstructions then use the barter system? [I am asking these questions out of curiosity, I do not intend to cause any harm or incite illegal actions for human rights, privacy, and liberty]

  9. Avatar

    Next thing you know
    Someone hacks the system and makes themselves billionaire status! Next after that, someone gets hacked and looses everything.
    People's every single purchase (What they bought! For example: birth control, aids medication, cigarettes, female hygiene products),
    time it was purchased
    and location it was purchased at….

    Being a victim of hacking my self,
    I'm not worried about big brother /the government doing that. (It's not like they aren't already) I'm really worried about a 12 year old kid being able to do it.

  10. Avatar

    Very happy 😍💋 💝💖♥️❤️

  11. Avatar

    Fantastic 😍💋 💝💖♥️❤️

  12. Avatar

    And they can take all your money away if say something the CCP don't like

  13. Avatar

    China started to use paper cash: Everybody adopted it.
    China will start digital cash: Everybody will adopt it.

  14. Avatar

    Also, thanks for the coronavirus, China

  15. Avatar

    WSJ is promoting china ?
    Why ?

  16. Avatar

    No internet connection needed. So that means if the phone is lost, the wallet (entire life savings) is lost. Smart…….

  17. Avatar

    The China and Chinese are at least trying to embracing the future. While some countries are just dreaming in their past greatness. History is always fair. When you stop moving forward. You lag behind.

  18. Avatar

    cool, more government control……

  19. Avatar
    ᔛ 𐊋 ߌ 𝖤 ܤ

    Y'all don't have nfc in card readers? I've always used apple pay or google pay.

  20. Avatar

    The first step to what exactly? 🤔🤔

  21. Avatar

    So no hidden cash flow anymore. Tax is coming.

Leave a Reply