Comment on The U.S. Is Losing the Global Race to Decide the Future of Money—and It Could Doom the Almighty Dollar

The U.S. Is Losing the Global Race to Decide the Future of Money—and It Could Doom the Almighty Dollar

In cities across China, the country’s central bank has begun rolling out the e-renminbi—an all-digital version of its paper currency that can be accessed and accepted by merchants and consumers without an internet connection, credit or even a bank account. Already having conducted more than $5 billion in e-renminbi transactions, China has opened its digital currency up to foreigners.

 

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