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

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    Love you 💋💋😘😘❤️💯

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    Андрей Пушкарь


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    Easily corrupted and or compromised.

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

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

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    With this China can control every penny in your pocket.

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    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]

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    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.

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    Very happy 😍💋 💝💖♥️❤️

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    Fantastic 😍💋 💝💖♥️❤️

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

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

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    Also, thanks for the coronavirus, China

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    WSJ is promoting china ?
    Why ?

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

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    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.

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    cool, more government control……

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    ᔛ 𐊋 ߌ 𝖤 ܤ

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

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    The first step to what exactly? 🤔🤔

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    So no hidden cash flow anymore. Tax is coming.

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