Digital currency to change financial world | In-Depth China | China Daily

Digital currency to change financial world By Chen Jia Tuesday, November 10, 2020, 09:56 By Chen Jia New form of payment faster, more convenient Workers disinfect banknotes in Taiyuan, capital of Shanxi province. (HU YUANJIA / FOR CHINA DAILY) Digital currency, especially that issued by central banks, is poised to challenge existing payment methods by offering faster and more convenient ways to settle transactions. Banknotes, coins and even electronic payment systems could be consigned to the history books at some stage. Even when the digital renminbi is officially introduced to the public, the PBOC will continue to provide banknotes and…