Here's the link

In my rather poorly informed opinion, these developments are something exciting to look forward to. While some may make a substantial claim that the DCEP may be misused (but in reality, what isn't), it will be fun to observe how the world responds :)

anyhow did u exercise today, lib?

  • Ewball_Oust [comrade/them]
    ·
    4 years ago

    Is it crypto though?

    Or just digital like debit cards or apple pay?

    It's digitization of RMB currency, but not just a payment method, which makes it different from Alipay, Wechat pay, etc. It's centralized, which makes it different from other cryptocurrencies. Basically it's still RMB, just not in paper. But what really makes it interesting is the following point:

    it's going to replace paper RMB completely, which is a great monetary revolution never happened in human history. ALL currency circulation is going to be digitized under DCEP, and paper currency will be explicitly phased out.