China leads in race for digital currency
(Worthy News) – Imagine going to the bank to take out cash, except without going to the bank and without the cash. If the Chinese central bank’s plan for a digital yuan succeeds, the future could look something like that for everyone.
Since early this year, China has gradually ratcheted up testing of its first central bank-backed digital currency, known there as DCEP, or “digital currency electronic payment.”
While other countries have made similar attempts to launch a digital sovereign currency, moves by the world’s second-largest economy hold a higher level of significance. [ Source: Deutche Welle (Read More…) ]
đĄ Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.
đ˘ Social media algorithms push content further when thereâs more engagement â so every đ like, đŹ comment, and đ share helps more people discover the truth. đ