China is testing a digital yuan, aiming to accelerate the replacement of cash and increase state control in a society where digital payments via Wechat Pay and Alipay are already the norm. Here’s what Beijing’s new system looks like—and how it would work.
Tag: cashless
Blockchain And The Dream Of New Money
The 2008 financial crisis spread distrust in banks and sped up the acceptance of new kinds of money. Cryptocurrencies like Bitcoin now promise to provide transparent, democratic alternatives. Startups in the Philippines are disrupting old structures.
World Without Money – How Cash Is Becoming A Thing Of The Past
Cashless payments are on the rise. They are fast, easy and convenient. Worldwide, cashless transactions have become the norm.
