Been watching more documentaries on China. There are areas where no cash or credit card is used. Every transaction happens thru the cell phone. It’s very popular there.
And it’s easy to see how the Chinese government will control the population even more with this cashless system. They can deny a purchase at any time if the citizen is not on the “good side” of the government. They are already doing it thru their credit score system I think.
That’s why they are starting to promote digital currency here.
https://duckduckgo.com/?q=yellen+digital+dollar&t=h_&ia=web
Also, related...
https://duckduckgo.com/?q=president+xi+global+passport+system&t=h_&ia=web