You are viewing a single comment's thread from:

RE: Peoples Bank of China Hires Blockchain Engineers Who Will Oversee Creation Of The "DIGITAL RMB" - linked to Sesame Credit System?

in #blockchain7 years ago

It will be so easy for china to implement blockchain based currencies. The amount of contact less and non fiat based exchange is amazing already.

Although it is not very secure, Wechat pay is used widely in major cities and is even picking up momentum in less populated areas.

The switch or even incorparation of crypto based currencies into the Wechat app would be an easy implementation for china. Wechat Pay can be used in almost any situation where both parties have a phone with Wechat accounts.

You can pay the taxi fair, buy a coke, pay for a meal or even gift friends on their birthday. The use of Wechat doesn't just stop at human to human interaction, many machines also allow for the Wechat pay method.

I see China to be a leader in the Crypto currency world.

@zebbad

Coin Marketplace

STEEM 0.19
TRX 0.16
JST 0.030
BTC 65573.59
ETH 2645.55
USDT 1.00
SBD 2.86