News Snapshot:
China is the first country in the world to issue blockchain-powered digital currency to its citizens where 750,000 recipients will be getting access via a lottery system. The digital currency is the digital version of China’s Yuan and citizens will be able to use the digital Yuan in stores and online using a dedicated app according to The Wall Street Journal. Digital payments are already quite common in China’s local economy where customers could pay for almost everything using apps like WeChat. However, now Chinese citizens will be able to pay using digital Yuans in stores like Starbucks and McDonald’s...
