Well the CEO of Huawei is still informing people of a potential plan to integrate cryptocurrencies maybe into the Huawei mobile ecosystem or maybe into the very fabric of Chinese society. China has been capable of creating and implementing their own ideas and creations and perhaps they are also seeing the potential, I mean Chinese Big Business is seeing the potential of cryptocurrencies to get more profit for them. Well it will be a big hit in China, but I am doubtful if this will have an impact outside of their country.
No, it will not be a big hit, if china decides to create a cryptocurrency now, there is no way that they can even annoyance it to the world to use, because everyone knows their attitude toward the coins that the world actually accepted, I mean bitcoin. China has quite been against bitcoin since it was created, and only its citizens that know its value has been using it, which is why majority of miners are from there.
Their coin will just be limited to their country’s payment system alone, and I already got a hint from a mate that they are working towards having one of their own crypto too. Although we have so many people that like any business that would give them Most of profit, and if china happens to create a crypto that will serve as investment, sure many people would accept it.
