8
China launches cross-border payment system with digital Yuan (bitfinance.news)
submitted 3 months ago by [email protected] to c/[email protected]
5 comments fedilink hide all child comments
top 5 comments
sorted by: hot top new old
[-] [email protected] 4 points 3 months ago

Why does the US Federal Reserve and corporate media make it sound like “digital” money is something novel, when all monies have been predominantly digital for decades? It’s ridiculous. Slapping the word “digital” on money that’s already digital seems to just be a marketing gimmick.

[-] [email protected] 4 points 3 months ago

I think it's more about the development of cross border payment systems outside US control. If countries start trading using Chinese system then trade becomes completely opaque for the US, and they can no longer impose sanctions.

[-] [email protected] 3 points 3 months ago* (last edited 3 months ago)

Yes, and SWIFT is no less digital. I’m only speaking to the silly “digital money” buzzword I’ve been hearing from governments, the WEC, and the media in the last few years. The fascist conspiracy theorists say it’s a (((globalist))) plot. It’s cringey any way you look at it.

[-] [email protected] 3 points 3 months ago

oh for sure

[-] [email protected] 1 points 3 months ago

blockchain money is different than banking credits/debits. More traceable/verifiable.

this post was submitted on 09 Apr 2025
8 points (100.0% liked)

Economics

2098 readers
6 users here now

founded 5 years ago
MODERATORS
[email protected]