Banking on a cashless economy |
Macau Business
“As we are now in the middle of the so-called new ‘Cold War’ between China and the United States, it’s very important for China to be the first major country deploying a proper electronic currency,” says Oriol Caudevilla, a specialist on China’s financial and banking systems. “China has never been able to fight against the US for monetary supremacy, as the U.S. dollar has been the main currency [for global transactions] for decades and it’s almost impossible to change this.”
https://www.macaubusiness.com/banking-on-a-cashless-economy/
Macau Business
“As we are now in the middle of the so-called new ‘Cold War’ between China and the United States, it’s very important for China to be the first major country deploying a proper electronic currency,” says Oriol Caudevilla, a specialist on China’s financial and banking systems. “China has never been able to fight against the US for monetary supremacy, as the U.S. dollar has been the main currency [for global transactions] for decades and it’s almost impossible to change this.”
https://www.macaubusiness.com/banking-on-a-cashless-economy/
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