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Wednesday, Mar 03, 2021
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What China’s New Digital Currency Tells Us About a Cashless Future

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.
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The road to success and the road to failure are almost exactly the same.

Colin R. Davis
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