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China’s Digital Currency Could Challenge Bitcoin and Even the Dollar
China has begun a pilot program for an official digital version of its currency that could shift the global economic balance.
03 Jun 2020, 04:32 AM IST
(Bloomberg Businessweek) -- People in China are no strangers to digital payments—if anything, it’s easier to move around and shop in Shanghai or Beijing with an Alipay or WeChat Pay smartphone app than it is bearing a pocketbook filled with yuan notes. Now the Chinese government has begun a pilot program for an official digital version of its currency—with the likelihood of a bigger test at the Beijing Winter Olympics in 2022. Some ...
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