Ant Group and Ten Cent are Clear and Present Dangers to US National Security that now threaten us more than any other issue. The Chinese Communist Party is pushing the sole use of its RMB digital payment system in 62% of the world's population. #China #ClearandPresentDanger 1/7
For example, a senior US Government official recently traveled to Ethiopia. When he ordered food at the airport, the checkout person refused his credit card and informed him that the only way to consummate the purchase was with Alipay or WeChat Pay. China is coercing belt 2/7
and road countries to move to a digital RMB system. Not out of trust of course but because they are forced to do so. This particular clerk wouldn't accept US dollars in cash. Ant Group charges .6% of ALL REVENUES in their network (even if it's a debit transaction). 3/7
Moving and stealing data over 5g networks is still a theoretical problem if proper encryption can be had BUT Moving payments/money over a Chinese network is a Clear and Present Danger to the United States (and to the West) 4/7
When you set up an Alipay or WeChat pay account, they connect directly to YOUR bank account, they get your social security number, date of birth, your purchasing patterns, and once the app is downloaded, they GEOLOCATE you at all times. This is China's attempt to subvert USD 5/7
and exert Orwellian control over the world's payment systems. The US Government (and world governments) CAN't POSSIBLY ALLOW THESE FIRMS TO CONTINUE. It's imperative for the US to permanently sanction Chinese payment networks for US citizens and businesses. @SecPompeo 6/7
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