China is already there. Why. Government permissiveness that has not been forthcoming in the West since it would greatly reduce banks' revenue from retail transactions. But in China the banking system is largely government owned, so it is not the same issue.
The Diplomat
China’s Digital Payment Revolution: Lessons for Libra
Dongyao Nie, news researcher at Al Jazeera English based in Washington DC
I went to a Chinese acupuncturist the other day and she said told me to China because it will make me feel really happy. It's a lovely, friendly place, she said.
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