The People’s Bank of China is prioritizing the development of a national digital currency.
We are having a glimpse of the future.
In a few years fiat will not exist anymore, all national coins will be crypto-currencies: USD, EUR, JPY, GBP, etc…
The transactions per second of crypto-currencies are still preventing that from fully happening, but a huge progress has already been made and TPS keeps improving by the day.
Also, didn’t China ban ICOs, crypto exchanges and crypto-currencies? Interesting turn of events. Never say I shall not drink from this water, China!
Yeah. Interesting read. Now I’m just waiting to see how this will turn out.
Meanwhile they have decided to crack down on cryptos as hard as they can. They want to herd the population to use the CBDC they fully control.