The use of the e-CNY, or digital yuan, is now being expanded beyond the purchase of consumer goods. Beijing has cracked down on other cryptocurrencies such as bitcoin and instead seeks to provide its own alternative.
The majority of any currency is mostly digital. Numbers in a computer people use phones/cards to transfer. But China bad.
US credit scores are run by multiple private entities, who get their data stolen due to lax security. They are the basis to determine whether people get housing and in increasing cases, jobs. For most of the US it’s encouraged for private corporations to rule their lives, as long as they are unaccountable. But China bad.
The majority of any currency is mostly digital. Numbers in a computer people use phones/cards to transfer. But China bad.
US credit scores are run by multiple private entities, who get their data stolen due to lax security. They are the basis to determine whether people get housing and in increasing cases, jobs. For most of the US it’s encouraged for private corporations to rule their lives, as long as they are unaccountable. But China bad.