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  • Chinese don't carry money anymore everything is held on their phone you

    From Rusty Wyse@21:1/5 to All on Sat Dec 4 10:19:44 2021
    Jay in New Zealand
    ·
    Follow
    History and Current Affairs interest Nov 27
    Why can't China internationalize the Yuan to counter US sanctions?
    Actually China has gone one step further with the new digital yuan.

    Chinese don't carry money anymore everything is held on their phone you can't walk into a shop and use paper money everything is being digitalized. It's faster easier and much more convenient.

    It is the future of how transactions will be managed, modern technology and the use of 5G and what will soon become 6g has given Chinese people opportunities to do things in their lives that they have never had the opportunity to do to say nothing about
    being more technologically advanced than America the UK and the EU

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From alien@21:1/5 to Rusty Wyse on Sun Dec 5 04:32:33 2021
    Rusty Wyse <rst888wxyz@gmail.com> wrote:
    Jay in New Zealand
    ·
    Follow
    History and Current Affairs interest Nov 27
    Why can't China internationalize the Yuan to counter US sanctions?
    Actually China has gone one step further with the new digital yuan.

    Chinese don't carry money anymore everything is held on their phone you
    can't walk into a shop and use paper money everything is being
    digitalized. It's faster easier and much more convenient.

    It is the future of how transactions will be managed, modern technology
    and the use of 5G and what will soon become 6g has given Chinese people opportunities to do things in their lives that they have never had the opportunity to do to say nothing about being more technologically
    advanced than America the UK and the EU


    Why do you need digital currency if it is still centralized?

    Why not use the ordinary currency but a cashless system?
    There are a lot of stores that don't accept cash anymore here in northern Europe.

    If you want to use digital currency, use an actual digital currency with a decentralized system.
    --
    -alien-
    ~ Work like you don't need the money. ~
    ~ Love like you've never been hurt. ~
    ~ Dance like nobody is looking. ~

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From boro@21:1/5 to Rusty Wyse on Mon Dec 6 01:28:25 2021
    On 5/12/2021 2:19 am, Rusty Wyse wrote:
    Jay in New Zealand
    ·
    Follow
    History and Current Affairs interest Nov 27
    Why can't China internationalize the Yuan to counter US sanctions?
    Actually China has gone one step further with the new digital yuan.

    Chinese don't carry money anymore everything is held on their phone you can't walk into a shop and use paper money everything is being digitalized. It's faster easier and much more convenient.

    It is the future of how transactions will be managed, modern technology and the use of 5G and what will soon become 6g has given Chinese people opportunities to do things in their lives that they have never had the opportunity to do to say nothing
    about being more technologically advanced than America the UK and the EU



    China can do the digitization as people have already got used to the
    wallet digital payment system for many years already.

    The introduction of digital currency will be launched very soon - likely
    in February 2022.

    This e-currency can be implemented in China by the government and will
    be operated by banks.

    Individuals and businesses will use e-currency to purchase goods online
    and offline, as well as pay electricity,, tolls and transport fares.

    For China, this is the right step to digital currency. There will be no
    loss of money, more traceability, and more accurate as to where the
    balance of payment is and hence there will be accountability for it.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Rusty Wyse@21:1/5 to alien on Sun Dec 5 09:30:28 2021
    On Saturday, December 4, 2021 at 8:32:35 PM UTC-8, alien wrote:
    Rusty Wyse <rst88...@gmail.com> wrote:
    Jay in New Zealand
    ·
    Follow
    History and Current Affairs interest Nov 27
    Why can't China internationalize the Yuan to counter US sanctions? Actually China has gone one step further with the new digital yuan.

    Chinese don't carry money anymore everything is held on their phone you can't walk into a shop and use paper money everything is being digitalized. It's faster easier and much more convenient.

    It is the future of how transactions will be managed, modern technology and the use of 5G and what will soon become 6g has given Chinese people opportunities to do things in their lives that they have never had the opportunity to do to say nothing about being more technologically
    advanced than America the UK and the EU

    Why do you need digital currency if it is still centralized?

    Why not use the ordinary currency but a cashless system?
    There are a lot of stores that don't accept cash anymore here in northern Europe.

    If you want to use digital currency, use an actual digital currency with a decentralized system.

    How can there be "an actual digital currency with a decentralized system"?
    The only way to have "digital currency" IS a centralized system!!
    --
    --
    -alien-
    ~ Work like you don't need the money. ~
    ~ Love like you've never been hurt. ~
    ~ Dance like nobody is looking. ~

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From alien@21:1/5 to Rusty Wyse on Tue Dec 7 17:38:29 2021
    Rusty Wyse <rst888wxyz@gmail.com> wrote:
    On Saturday, December 4, 2021 at 8:32:35 PM UTC-8, alien wrote:
    Rusty Wyse <rst88...@gmail.com> wrote:
    Jay in New Zealand
    ·
    Follow
    History and Current Affairs interest Nov 27
    Why can't China internationalize the Yuan to counter US sanctions?
    Actually China has gone one step further with the new digital yuan.

    Chinese don't carry money anymore everything is held on their phone you
    can't walk into a shop and use paper money everything is being
    digitalized. It's faster easier and much more convenient.

    It is the future of how transactions will be managed, modern technology
    and the use of 5G and what will soon become 6g has given Chinese people
    opportunities to do things in their lives that they have never had the
    opportunity to do to say nothing about being more technologically
    advanced than America the UK and the EU

    Why do you need digital currency if it is still centralized?

    Why not use the ordinary currency but a cashless system?
    There are a lot of stores that don't accept cash anymore here in northern
    Europe.

    If you want to use digital currency, use an actual digital currency with a >> decentralized system.

    How can there be "an actual digital currency with a decentralized system"? The only way to have "digital currency" IS a centralized system!!

    How about something called Bitcoin or others real digital currency?


    --
    -alien-
    ~ Work like you don't need the money. ~
    ~ Love like you've never been hurt. ~
    ~ Dance like nobody is looking. ~

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)