Sep 22, 2021
The U.S. Is Losing the Global Race to Decide the Future of Money —and It Could Doom the Almighty Dollar
Posted by Kelvin Dafiaghor in categories: cryptocurrencies, economics, security
What must the US do Eric Klien?
Read More: How China’s Digital Currency Could Challenge the Almighty Dollar
China has already largely moved away from coin and paper currency; Chinese consumers have racked up more than $41 trillion in mobile transactions, according to a recent research paper from the Brookings Institution, with the lion’s share (92%) going through digital payment processors WeChat Pay and Alipay.