China’s central bank is going digital. After assembling a research team in 2014, the People’s Bank of China has done trial runs of its prototype cryptocurrency. That’s taking it a step closer to becoming one of the first major central banks to issue digital money that can be used for anything from buying noodles to purchasing a car. For users transacting over their smartphones or laptops, a PBOC-backed cryptocurrency probably wouldn’t seem much different to existing payment methods such as Alipay or WeChat. But for sellers, they would get digital payments directly from the buyer, lowering transaction costs as the middleman is cut out of the process. At the same time as it builds up its own capabilities, the PBOC is increasing scrutiny of bitcoin and other private digital tenders. It doesn’t want a bitcoin bubble to blow up. And since currencies have historically been issued by the state, not private players, it doesn’t want to cede the cryptocurrency space to companies it has no control over. Read Full Article: https://www.bloomberg.com/news/articl... Original Video Source: The Money GPS ~ Author Exposing the Truth https://youtu.be/7ZVuCUjwqX8 Subscribe to our channel: http://www.youtube.com/c/ShakingMyHea... /////// Get Affordable Emergency Survival Food, Water Filtration, Heirloom Seeds, Food Storage Here: http://www.mypatriotsupply.com/?Click... Cell Towers - 5G - The Truth Will Shock You! - https://youtu.be/Ua1QzJi6Cwc Saturnalia Nimrod Tammuz Saturn Worship - https://youtu.be/AlynY3KC-hQ RFID, Blockchain, AI, Bitcoin - The Truth Will Shock You! - https://youtu.be/W7nt5FynDw8 The First Church of Artificial Intelligence - https://youtu.be/Ll1ww996_I0 5G Technology - What You Need To Know! - https://youtu.be/7xd1_gCJNwA
One World Currency - China Creating Blockchain Currency - YouTube |
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