Discover and read the best of Twitter Threads about #DigitalYuan
Most recents (3)
Quick thread on #digitalyuan privacy issues: privacy protections from merchants, tech, etc. look quite good (from gov is diff story). In US, you give all credit card credentials to anyone you pay, trusting they won't keep charging you or lose/sell credentials 1/n
2/n These in US are "pull payments," you auth someone to pull money from your acct. Privacy & security in US w/these *has* gotten better with Apply pay and chip cards that encrypt info to protect your identity and card info. eCNY is different, allowing you to "push" payments
3/n push payments like in eCNY can be less convenient, but they can give consumers more control over how much and when charged, and system can ensure your identity and sensitive data are NOT shared with merchants, better protecting privacy
Few major headlines recently seem to be connected;
- #Greensill #Cameron #Softbank #Wirecard #Fintech
- #Bitcoin #Coinbase #Crypto #NFTs
- #Ant #JackMa #China #BeltandRoad
- New opportunities & Race to 'be first' in the new era
πΊπΈπͺπ¨π³ π°πππ
- #GeoPolitics
- #disruption
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- #Greensill #Cameron #Softbank #Wirecard #Fintech
- #Bitcoin #Coinbase #Crypto #NFTs
- #Ant #JackMa #China #BeltandRoad
- New opportunities & Race to 'be first' in the new era
πΊπΈπͺπ¨π³ π°πππ
- #GeoPolitics
- #disruption
ππ€
#China's #digitalcurrency could help it internationalize the yuan, and bypass the dollar-based SWIFT network, Sharnie Wong and Francis Chan of Bloomberg Intelligence write bloomberg.com/professional/bβ¦
15 centuries after #China invented banknotes, the nature of money is set to fundamentally change, writes @JKynge, and the digital yuan is far more than just a medium for exchange ft.com/content/751180β¦
`Once a digital yuan is introduced, thatβs going to be one of the biggest risks in crypto,' @PhillipGilles13 tells @ossingerj #Bitcoin bloomberg.com/news/articles/β¦
