China’s Digital Yuan Won’t Judge You

China’s Digital Yuan Won’t Judge You

Patrick Tan 17/08/2020 4
China’s Digital Yuan Won’t Judge You

While the Trump administration’s ban of Chinese apps TikTok and WeChat has been making headlines, the digital yuan has quietly been making inroads into the currency sphere with its new payment rails and threatens to re-conceive the world in non-dollar terms, one digital yuan at a time.

The Elephant In The Room

Although the digital yuan was initially received with much skepticism by other central bankers, the coronavirus pandemic and the economic fallout from economies under lockdown, has since made more than a few central banks reconsider the issuance of their own digital currencies.

Love Some, But Serve All

Beijing has long made clear to other countries that “you do you, just let us do business with you.”

Pax China?

Along the ancient trade routes which the BRI will weave through, foreign companies and merchants trading with Chinese firms for supplies, paying wages, and financing projects will require a common currency to transact in.

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  • Jamie Curry

    When we become millionaires, don't forget to give back to the children, they have suffered the most!

  • Megan Mickle

    I went BULL RIDING today THAT'S HOW BULLISH I'M FEELING THESE DAYS!!

  • Katie Holmes

    Digital Yuan is going to take over the world

  • Julian Goodman

    Appreciate the knowledge

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Patrick Tan

Crypto Expert

Patrick is an innovative entrepreneur and a lawyer passionate about cryptocurrencies and the business world. He is the CEO of Novum Global Technologies, a cryptocurrency quantitative trading firm. He understands the business concerns of founders and business people helping them to utilise the legal framework to structure their companies to take advantage of emerging technologies such as the blockchain in order to reach greater heights. His passion for travel, marketing and brand building has led him across careers and continents. He read law at the National University of Singapore and graduated with Honors in the Upper Division and joined one of Singapore’s top law firms, Allen & Gledhill where he was called to the Singapore Bar as an Advocate & Solicitor in 2005. He created Purer Skin, a skincare and inner beauty company which melds the traditional wisdom of ancient Asian ingredients such as Bird's Nest with modern technology. In 2010, his partner and himself successfully raised $589,000 from the National Research Foundation of Singapore under the Prime Minister’s Office. He has played a key role in the growth of Purer Skin from 11 retail points in Singapore to over 755 retail points in Singapore and 2 overseas in less than a year. He taught himself graphic design, coding, website design and video editing to create the Purer Skin brand and finished his training at a leading Digital Media Company. 

 

   

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