I noticed a few days ago people discussing the use of cash v cards.
Then read an article about how slow this country was about developing it's own digital crypto currency.
Apparently China is well underway with its launching of the digital yuen.
Companies wishing to trade with China will be forced into using it, and like it or not .most countries do trade with China.
It has real time capabilities to check on buyers and sellers, wherever in the world they trade.
It means our financial industry in London will lose out.
That's all I know about it I'm afraid.
I cant see anything good for the everyday person in this innovation. But it looks as if we dont have a choice but to use a version of digital currency.
I'm sure someone on here has better information, but at the moment it seems to hold no benefits for anyone, except a government who wishes to tighten control over it's people.
Namsnanny Fri 08-Oct-21 14:56:13
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