Well, China is dumping the paper yuan for the digital yuan. It’s probably cheaper and easier to add zeros to a digital currency than a paper currency. Digital saves the cost of ink, paper and printing press machines.
The digital yuan should not be confused in any way as a cryptocurrency like ethereum or bitcoin.
Anyway, I think China is on the brink of some ridiculous catastrophic event that nobody expected.
(Buy gold and jars of chunky apple sauce w/cinnamon.)
RE: The digital yuan should not be confused in any way as a cryptocurrency like ethereum or bitcoin.
It also makes your transactions TRACEABLE by the Chicoms. As long as anybody doesn’t mind this, be my guest.