China: Anti-Crypto Central Bank Worried Cash Losing Relevance

China: Anti-Crypto Central Bank Worried Cash Losing Relevance


According to a newly released report by the FT, the adoption of digital payment systems is increasing at such a rapid rate that the People’s Bank of China (PBoC) is concerned about the declining relevance of cash. An increasing number of merchants at tourist spots have started to stop accepting cash, solely relying on applications

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Posted by Joseph Young on January 2, 2019 @ https://www.ccn.com/china-anti-crypto-central-bank-worried-cash-losing-relevance/

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