Digital yuan Alipay and WeChat Pay Chinese digital currency explained

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What is digital yuan? It’s essentially paperless money the Chinese central bank controls. Chinese regime is trying to get rid of cash. China already leads the world in cashless transactions with mobile payments accounting for 80% of all payments. So how will the Chinese digital currency make a difference in an already cashless society? Most of the cashless transactions took place on Alipay and WeChat Pay. But the Chinese regime isn’t happy that the private sectors are controlling consumer data and not sharing it with the central government. Didn't we just see Jack Ma’s Alibaba being fined $2.8 billion dollars for anti-trust violations? Having digital yuan is like carrying a camera on you that allows Chinese digital surveillance 24/7. Combined with its face recognition and AI technology, China’s goal is to bring the world closer to its community of common destiny.” The Chinese digital currency strategy has 6 specific goals behind it, three domestic and 3 international. • ****************** • We discuss world economy, history, and politics. Our main focus is U.S.-China relations. We make short videos and tell you the hidden stories. • ****************** • References: • https://www.reuters.com/article/china... • https://www.cnbc.com/2021/03/05/china... • https://www.voachinese.com/a/china-di... • https://www.finextra.com/newsarticle/... • ****************** • 🔔 Subscribe for updates: / leisrealtalk • ****************** • 🔵 Make sure to share this video with your friends! • Follow us on our Website: https://leisrealtalk.com/ • Follow us on Twitter: / leisrealtalk • Follow us on Facebook: / leisrealtalk • ****************** • MORE VIDEOS: • Neocolonialism Belt Road agenda disclosed by the Chinese professor: • Neocolonialism Belt Road agenda dis... • Chinese knockoffs explained: Why Chinese are copycats? • • Chinese knockoffs explained: Why Chin... • H M in trouble? In-depth look at the Chinese boycott of Nike, Adidas over xinjiang cotton. • • H M in trouble? In-depth look at the ... • Elon Musk’s rise and fall. Is Tesla in trouble in China? His Chinese made Tesla cars may cost him. • • Elon Musk’s rise and fall. Is Tesla i... • Doing business in China: Jack Ma’s trouble Elon Musk’s bad news. • • Doing business in China: Jack Ma’s tr... • China losing young people? Chinese growing old? The loss of Chinese labor force will cost China. • • China losing young people? Chinese gr... • The China 5 year chip plan? The reality of Chinese chip industry and the China chip problem. • • China's 5 year chip plan, the reality... • US - China | The Secretive China Semiconductor Industry Strategies • • US - China | The Secretive China Semi... • ****************** • OUR PLAYLISTS: • Unseen Fortune Documentaries: • Unseen Fortune documentaries • Dealing with mainland China: • Playlist • China Uncovered: • Playlist • Current Affairs - U.S., China, and Beyond: • Playlist • Tech Media: • Playlist • ****************** • #Chinesedigitalcurrency #Chinesecentralbank #alipay #WechatPay #yuanvsdollar #digitalyuan #Chineseregime #digitalyuanexplained #Chinasgoals #cashlessmoney #digitalrmb #digitalmoney #digitalsurveillance #paperlessmoney #JackMaAlibaba #cashlesssociety #digitalyuanvsdollar #Alibabaantitrust #beltandroad #Chinesedigitalcurrencystrategy #communityofcommondestiny

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