Digital Yuan Explained: What It Will Mean To You?
Tourists or business visitors to China may have struggled with WeChat or Alipay since both payment platforms require a China-registered credit card or bank account. With digital yuan, visitors - such as to the Winter Olympics 2022 - would find it much easier to use Renminbi.
China is turning its money digital. This is the first state-owned digital currency, the polar opposite of bitcoin which is decentralised and anonymised. Digital yuan is stored in one’s phone on a digital wallet app and does not even need reception to make transactions.
The digitised format makes it theoretically possible for authorities to track every single transaction.
WATCH the full episode of Why Is The Yuan Going Digital?: https://youtu.be/UcvrzouhKTs
About Money Mind: Tips for investors, business ideas for businessmen and comments on the economy, markets, companies, financial products, and trends.
For more, SUBSCRIBE to CNA INSIDER!
https://cna.asia/insideryoutubesub
Follow CNA INSIDER on:
Instagram: https://www.instagram.com/cnainsider/
Facebook: https://www.facebook.com/cnainsider/
Website: https://cna.asia/cnainsider
Видео Digital Yuan Explained: What It Will Mean To You? канала CNA Insider
China is turning its money digital. This is the first state-owned digital currency, the polar opposite of bitcoin which is decentralised and anonymised. Digital yuan is stored in one’s phone on a digital wallet app and does not even need reception to make transactions.
The digitised format makes it theoretically possible for authorities to track every single transaction.
WATCH the full episode of Why Is The Yuan Going Digital?: https://youtu.be/UcvrzouhKTs
About Money Mind: Tips for investors, business ideas for businessmen and comments on the economy, markets, companies, financial products, and trends.
For more, SUBSCRIBE to CNA INSIDER!
https://cna.asia/insideryoutubesub
Follow CNA INSIDER on:
Instagram: https://www.instagram.com/cnainsider/
Facebook: https://www.facebook.com/cnainsider/
Website: https://cna.asia/cnainsider
Видео Digital Yuan Explained: What It Will Mean To You? канала CNA Insider
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
Gravitas Plus: Does the Yuan pose a threat to the U.S. Dollar?Is China's Central Bank Digital Currency a threat to the USD? - Pascal's China Lens week 39Why China's New Digital Currency Raises Privacy Concerns | WSJCould digital currencies put banks out of business? | The EconomistWhat China’s New Digital Currency Tells Us About a Cashless Future | WSJChina's digital currency - explained!What's the appeal of digital currency?Documentary | Financial System | Gold vs Dollar | How Money Became Worthless | Bretton WoodsWhy Central Banks Want To Get Into Digital CurrenciesWhy central banks want to launch digital currencies | CNBC ReportsRay Dalio: Yuan Will be a Reserve Currency Faster Than ExpectedHow has the digital yuan fared so far?Why is China moving to digital RMB?Five things you need to know about China's digital yuanChinese Digital Currency Set To Dethrone Dollar? (Shocking Intel Revealed)Shenzhen launches digital RMB pilot programHow China's digital yuan worksThe Future of Cryptocurrency? China's Entirely Digital Currency Explained (DCEP) - TLDR NewsWill Digital Payments Replace Cash In The U.S?How Would Digital Yuan Change China's Economy?