Subject: Tong Email suppNovember Post navigation 21 views

[account_disabled]

Making the currency stable is equivalent to actual cash. The Digital Yuan is designed as a Central Bank Digital Currency CBDC a currency controlled by Chinas central bank. For example if you have yuan in cash in a bank account you can issue digital yuan. Therefore it is different from Bitcoin which does not. Stability or stability because it can fluctuate at any time. However it is predicted that in the near future China will change to fully embrace a cashless society. The digital yuan will replace the use of cash in the form of money. However the Chinese government wants to develop and solve the problem of delays in spending money or make current transactions Moreover The government has received cooperation from many large technology companies to help develop.

It. and invented the practical use of the digital yuan such as Tencent Huawei and China Merchants Bank making the digital yuan will be linked to the payment service platform from WeChat Pay Alipay and other platforms Chinese people are beginning to move towards a cashless society as Chinese tech giants such as Tencent and Alibaba revolutionize payments via smartphones in place of cash payments. The government has seen safety. And it is more convenient India Car Owner Phone Number List so there is support for paying through the use of smartphones. which has answered the needs of the majority of people in China Because just scan the QR Code through the WeChat Pay and Alipay platforms you can pay immediately by.



Debiting your linked bank account. And later payments were developed by scanning faces or facial recognition through machines at stores to make payments. Therefore nowadays Chinese peoples behavior has changed. That is there is no need to carry a wallet you can use just one smartphone to go out and buy things. and can carry out all forms of financial transactions Whether its paying for a taxi Airfare movie tickets food or household items Pay the electricity bill This has caused Chinese people to leave their homes cashless. and enter the digital world completely Therefore the government initiated the use of the digital yuan instead of paper money. and raise the level of Chinas cashless society which no country has done before. Ask on WeChat and for additional information call office Khun  things you must Know if you use Google.