China to implement 1st Central Bank Digital Currency?

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China to implement the 1st central bank digital currency?In contrast to Bitcoin, with a distributed decentralised ledger, a central bank digital currency is just a centralised database but if the world’s 2nd largest economy is forcing their citizens to use it then this changes currencies and societies forever. Mobile wallets have already been developed and are in a testing phase waiting to be launched soon.

Read the full story: Chinese State-Owned Bank Offers Test Interface for PBoC Central Bank Digital Currency