Reply to post: Know your customer

US senators warn China's Digital Yuan could compromise Olympic athletes

Anonymous Coward
Anonymous Coward

Know your customer

If they make banking as reliable as their cards, you can kiss goodbye to SWIFT, IBAN, BACS, PayPal, Venmo, Moneybookers, WesternUnion, Apple Pay, Google Pay, and al the big pile of patched up shite that passes as a banking system in the west.

Imagine it, simply deciding to send money, and sending the money and the money is sent, even across borders, worldwide, cheap, instantaneous, reliable, unlimited.

All the OECD poison and suspicion that's been injected into the west's banking system gone, replaced by a more businesslike Chinese approach.

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