How China’s digital currency will thwart US dollar trap and help the world (SCMP)

"The digital renminbi is a sovereign currency fully backed by the state, does not require a bank account and has full oversight by Chinese banking authorities. Developing countries will embrace the convenience of China’s digital payment systems, which have great poverty-relief potential for the world’s unbanked poor."

#Comment: In summary, highly centralized, total surveillance technocratic money coming east and west - aiming to quantize reality even more.

#China #Crypto #Economics #Politics