Wed. PM KTFA News Articles/Thoughts 1-5-22



Samson » January 5th, 2022

Beijing Expands Use Of Its Digital Currency

4th January, 2022

China’s central bank has launched a trial version of the digital yuan in a bid to expand its use to more sectors.

The digital currency application is now available on Android app stores in China and the Apple App Store, and allows users to open a digital yuan wallet and spend the currency, CNBC reported.

The digital yuan, which stands for “e-CNY” is a digital version of China’s national currency and has been in operation since 2014. It is not similar to cryptocurrencies such as Bitcoin, but is instead issued and controlled by the central bank.

So far, China has conducted a number of experiments across the country, giving some users in certain cities a small amount of digital currency to spend.

Although some retailers, such as e-commerce company, accepted it as a payment method last year. However, the digital yuan has not been officially introduced at the national level, and there is no timetable for this.

The new app allows users in 10 regions including major cities Shanghai and Beijing to use it, after only specific users could use the app on an invitation basis, but now everyone can download the app. LINK

TSM » January 5th, 2022

I don’t think Iraq has a word for “imminent, immediate, soon, coming days, now, urgent, in the near future”…. I’m sure I may have missed a dozen or so others. The one thing they know is “Can kicking”…. I just hope the new parliament MAY have the best interest of their people and actually work at getting their gov’t set up…IMO

Source: Dinar Recaps


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