The relationship between China and the United States has entered a stage of struggle where there is no possibility of compromise.
I recently heard an interesting thing. The digital Renminbi in our ordinary people's phones has also attracted some foreigners who are starting to study it secretly.
A friend who does business in Yiwu said last month that several Middle Eastern clients actively requested to settle accounts with digital Renminbi, saying it is much faster than traditional cross-border transfers and saves more than half of the handling fees.
With this, the money can be credited by simply scanning a code, unlike the past when waiting for a wire transfer would take two or three days.
I heard that at some street currency exchange points in Southeast Asia, RMB cash and US dollars can be directly exchanged side by side.
In the past, we always said that international payments depend on the US dollar. Now even street vendors know that "red notes" can be used to buy things. Who knows? It's possible that one day the string of digits in our phones may actually be used as money in foreign supermarkets.
Original article: https://www.toutiao.com/article/1830639452739779/
Disclaimer: This article represents the views of the author alone.