Is this the first shot of the coming digital currency wars of the 2020’s?
See David Lee from Singapore University of social sciences in the video (from 05:10).
BEIJING, Dec. 28 (Xinhua) — Imagine a digital currency that can be used even without the internet, one that does not have to be linked to a bank account and is treated just as bank notes and coins.
China’s digital yuan, although still being piloted, promises to include more people in this fast-developing digital era, making daily life easier and digital payment more secure.
Source: Xinhua
Meanwhile Bitcoin is booming in the West due to lacking trust in traditional currencies and increased institutionalized adoption.