Topic: Is China ahead of US now in terms of digital adaptation? (Read 581 times)
China will do everything to be ahead of US in all ways possible and I think they have decided to use their money to invest in Digital Adaptation. And it is obvious now especially when they have invested in Cryptocurrency more than US. We'll, if China is right about Crypto and their invested coins then it is a good decision and an advantage for them.
The current politic situation will not allow any decentralized and free form of money. That´s why they are creating their own, "better" cryptocurrencies to "protect" their citizens. 
It seems to me that China is a synonym for everything innovative and experimental. And i don't doubt they'll be the first to adopt crypto fully
They won't adopt cryptocurrency that is decentralised. China's big weakness is that it still has capital controls. And it has capital controls because chinese people don't trust their own government and try to move money out the first chance they get.
Unless they lift capital controls, they won't adopt cryptocurrency, and the yuan won't become a global currency either.
Update:
It would appear that China is doing it with its present progress they are claiming to have 220,000 (TPS) transaction-per-second. The fastest until this point on the off chance that it is truly valid and they are intending to Onboard Two Billion People Reducing Gaps Between the Dollar and the Yuan.
Sources:
https://beincrypto.com/chinas-digital-currency-claims-to-have-220000-transactions-per-second/
http://www.globaltimes.cn/content/1172326.shtml
It would appear that China is doing it with its present progress they are claiming to have 220,000 (TPS) transaction-per-second. The fastest until this point on the off chance that it is truly valid and they are intending to Onboard Two Billion People Reducing Gaps Between the Dollar and the Yuan.
Sources:
https://beincrypto.com/chinas-digital-currency-claims-to-have-220000-transactions-per-second/
http://www.globaltimes.cn/content/1172326.shtml
Well i don't think that US is leaving behind china when it come digital adaptation remember these two superpowers are always head to head to each other, but i think that china has stepping up the notch when it comes to research and i think that the first quantum computer has been produced in china anyway, US needs to step up if they want to keep up with china.
It seems some US legislators are alarmed about the news on China creating its own digital currency. See this article how some legislators inquires about the possibility of US to create its own Digital Currency:
https://www.cryptopolitan.com/considering-us-dollar-digital-currency/
By these thing, it seems China is actually ahead of US in terms of Digital adoption in terms of creating its own Digital currency.
https://www.cryptopolitan.com/considering-us-dollar-digital-currency/
By these thing, it seems China is actually ahead of US in terms of Digital adoption in terms of creating its own Digital currency.
Yes. They are. I chat with a developer working in China and they were closely working with some government agencies about what they are doing related to cryptocurrency they were developing. China, though backing away form the real action in crypto trading, they do have their own world out there on their own developing in close doors. US should really be worried about this for in time comes monetary war is launched, they are there to have a chance.
Thus, if China and US started the revolution of cryptocurrency as main currency, then other country will follow, innovation to our new era has already started, but as long as China's plan hasn't been executed, I don't think that US will just do nothing about it, cryptocurrency is one of the leading technology nowadays, and I do believe that US will not disregard it. Soon, both strong countries will engage and so other countries will follow.
It seems some US legislators are alarmed about the news on China creating its own digital currency. See this article how some legislators inquires about the possibility of US to create its own Digital Currency:
https://www.cryptopolitan.com/considering-us-dollar-digital-currency/
By these thing, it seems China is actually ahead of US in terms of Digital adoption in terms of creating its own Digital currency.
https://www.cryptopolitan.com/considering-us-dollar-digital-currency/
By these thing, it seems China is actually ahead of US in terms of Digital adoption in terms of creating its own Digital currency.
Yes. They are. I chat with a developer working in China and they were closely working with some government agencies about what they are doing related to cryptocurrency they were developing. China, though backing away form the real action in crypto trading, they do have their own world out there on their own developing in close doors. US should really be worried about this for in time comes monetary war is launched, they are there to have a chance.
It seems some US legislators are alarmed about the news on China creating its own digital currency. See this article how some legislators inquires about the possibility of US to create its own Digital Currency:
https://www.cryptopolitan.com/considering-us-dollar-digital-currency/
By these thing, it seems China is actually ahead of US in terms of Digital adoption in terms of creating its own Digital currency.
https://www.cryptopolitan.com/considering-us-dollar-digital-currency/
By these thing, it seems China is actually ahead of US in terms of Digital adoption in terms of creating its own Digital currency.
Today I saw a video clip from twitter telling that china is ahead of US now in terms of digital currencies, I made a few google searches and found out it's legit, Soon china will tokenize their currency and base on the blog I have read below it is almost ready to launch. I know I'm a little too late about this but I just want to hear your thoughts.
Sources:
Twitter Video Clip: https://twitter.com/SquawkCNBC/status/1177543601242484743
Full Video: https://www.cnbc.com/video/2019/09/27/people-will-choose-a-currency-that-the-government-cant-control-bitcoin-pro.html
Central bank digital currency (CBDC)
http://www.chinadaily.com.cn/a/201908/20/WS5d5b5d1ca310cf3e35566c01.html
Sources:
Twitter Video Clip: https://twitter.com/SquawkCNBC/status/1177543601242484743
Full Video: https://www.cnbc.com/video/2019/09/27/people-will-choose-a-currency-that-the-government-cant-control-bitcoin-pro.html
Central bank digital currency (CBDC)
http://www.chinadaily.com.cn/a/201908/20/WS5d5b5d1ca310cf3e35566c01.html
I've watch the video, actually another topic will arise from it. It states that "Bitcoin Futures Expires", based from my inference about it, tokenization of US and CHINA will be a great help for bitcoin, then why? it will be easier for people from US and CHINA to convert their money, allot of people will be exposed to investment to bitcoin. As well as if other country will follow. I definitely disagree with the title but I am pro to tokenization.
I think that's great. China has always influenced the crypto community and very much, and the news about the creation of a crypto currency there can give a good impetus to the growth of the entire market. But I also know that this decision is dictated by the trade war between China and the United States. Which I think has a negative factor.
The economies of the USA and China are very different. So we can't compare them. China is now a leader in the introduction of cryptocurrencies and blockchain and I think it will remain so. The main reason for the inefficiency of regulators is that the USA does not want to be visible in this industry. Therefore, the USA is trying to restrain this trend by all means.
It's would be true if the WeChat were made their platform and token on blockchain it were brought mass adoption to the millions of users
The Wechat platform used to be advanced, but now it is no longer, and when it comes to digital adaptation between the US and China, China is clearly ahead of the US, because in China it legalizes about digital currency, while in the US it is not so, so the US is lagging behind from China in terms of digital adaptation at the moment.yes maybe now the US is still anti crypto, but in the future they will legalize it. China might be ahead, but in terms of quality the US still leads. so I'm not sure the US is far behind in digital adoption.
China is the country with the most people investing in cryptocurrency in the world. And there are many good projects coming from China so I think China is a lot ahead of USA
Despite the legal obstacles that cryptocurrencies have had in China, there are many investors and the point to highlight is that it is planned to launch a cryptocurrency of national use, which would be an impressive advance, because although other countries have tried, it is not It has had the expected success, however, China has the technological infrastructure to do so.
Today I saw a video clip from twitter telling that china is ahead of US now in terms of digital currencies, I made a few google searches and found out it's legit, Soon china will tokenize their currency and base on the blog I have read below it is almost ready to launch. I know I'm a little too late about this but I just want to hear your thoughts.
Sources:
Twitter Video Clip: https://twitter.com/SquawkCNBC/status/1177543601242484743
Full Video: https://www.cnbc.com/video/2019/09/27/people-will-choose-a-currency-that-the-government-cant-control-bitcoin-pro.html
Central bank digital currency (CBDC)
http://www.chinadaily.com.cn/a/201908/20/WS5d5b5d1ca310cf3e35566c01.html
In the broad events happening right now i might say that china is ahead to adopt the digital stablecoin currency system. Since the US was not started it even on planning stage as said by a Federal Reserve Executive unlike china its already done and ready for implementation as we know it more and more countries starting to adopt digital currency for real time payment and other use. Sources:
Twitter Video Clip: https://twitter.com/SquawkCNBC/status/1177543601242484743
Full Video: https://www.cnbc.com/video/2019/09/27/people-will-choose-a-currency-that-the-government-cant-control-bitcoin-pro.html
Central bank digital currency (CBDC)
http://www.chinadaily.com.cn/a/201908/20/WS5d5b5d1ca310cf3e35566c01.html
China could be ahead of US in digital currency adoption but in terms of regulation I doubt that they can outranked the US. But in the race of adoption China is in the game I think the Chinese people are more focused on developing new projects compare to past years which their government hinders its growth. As China tries to the stock market no wonder Blockchain space could be the next on their list.
It seems to me that China is a synonym for everything innovative and experimental. And i don't doubt they'll be the first to adopt crypto fully
I think china isn't fully developed regarding crypto advancements, so partly that's right they're not totally focused on how crypto will become valuable in the future. US for my understanding, has been fully developed with this cryptocurrency thing, hence they're within control with regulation, and safety aspects of bitcoin, in order that it won't be abused by cyber criminals or terrorism.
It seems to me that China is a synonym for everything innovative and experimental. And i don't doubt they'll be the first to adopt crypto fully
It's would be true if the WeChat were made their platform and token on blockchain it were brought mass adoption to the millions of users
The Wechat platform used to be advanced, but now it is no longer, and when it comes to digital adaptation between the US and China, China is clearly ahead of the US, because in China it legalizes about digital currency, while in the US it is not so, so the US is lagging behind from China in terms of digital adaptation at the moment.yes maybe now the US is still anti crypto, but in the future they will legalize it. China might be ahead, but in terms of quality the US still leads. so I'm not sure the US is far behind in digital adoption.
Yes, China is seizing the opportunity and being ahead USA. In 2020 I think China will have a cryptocurrency of their own
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