Chinese digital currency

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Avatar for minimaus
3 years ago
Topics: Bank, Crypto, Bitcoin, News

Chinese digital currency

It's morning, I'm drinking coffee. Let's see what's on Facebook, when it's a sponsored ad, with the post "As of today, you can buy official Chinese digital currency."

Clicking on the link, which takes me to Linkedin.

That's how I learned that China released its domestic currency "YUAN" into the crypto world, in order to solve its debt crisis and strengthen its economy.

Interestingly, other states are considering doing so.

Now I am tormented by the question of whether these currencies will suppress cryptocurrencies such as Bitcoin, BCH, Ethereum, etc.

What do you think about that?

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$ 1.26 from @TheRandomRewarder
Avatar for minimaus
3 years ago
Topics: Bank, Crypto, Bitcoin, News

Comments

هكذا علمت أن الصين أطلقت عملتها المحلية "يوان" في عالم العملات المشفرة ، من أجل حل أزمة ديونها وتقوية اقتصادها.
تتطور الصين بسرعة كبيرة وأسرع من بعض الدول الأخرى ، لذلك لست مندهشًا من أن لديهم أموالهم المشفرة الخاصة بهم ، ربما ستحقق نجاح مثل BTC ، وربما لا.

$ 0.00
3 years ago

Let's see how it goes

$ 0.00
3 years ago

China is definitely taking dominance.

$ 0.00
3 years ago

They interpret it as a threat to the economic domination of the United States of America, and because in the future, the Chinese digital currency could make it easier to circumvent the sanctions that America will impose in those countries with which it does not want to cooperate.

$ 0.00
3 years ago

Yes, like purebeauty said, China will take n. 1 position in the world. Economy, military strength, everything is on their side.

$ 0.00
3 years ago

China is developing very fast,faster then some other countriies.So I am not surprised that they have their own crypto money.Maybe will be success as BTC,maybe not.Who knows.

$ 0.01
3 years ago

This is their domestic currency, only they made it a crypto.

$ 0.00
3 years ago