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But that is kind of the point. Digital currency will become accessible to all. It is digital.

NedoftheHill 47460 posts Joined: Jun 29, 2011

Posted 2:30 pm on Apr 25, 2022

No doubt there will be companies who will provide the apps to access the digital yuan...hell, the PRC might even provide it.

You won't have to go to a bank with physical USD and pay them a hefty fee to exchange the paper USD for paper Yuan.

I don't see it happening except possibly during a financial crisis, but I suppose you never know.

This message has been edited 2 time(s).

Evil preaches tolerance until it is dominant, then it tries to silence good.

Replies 24

But that is kind of the point. Digital currency will become accessible to all. It is digital. NedoftheHill 2:30pm · 4/25/22
- It's available right now. LanceHarbor 2:40pm · 4/25/22
  - El Salvador (the entire nation) accepts Bitcoin as legal tender. NedoftheHill 2:42pm · 4/25/22
    - This was before their corrupt president made that official. LanceHarbor 2:48pm · 4/25/22
      - Right. John Doe takes the easy route, until it becomes too costly. Then he chooses next best option.NT NedoftheHill 2:51pm · 4/25/22
        
        That's right, I forgot about the hyperinflation in your scenario.NT LanceHarbor 3:28pm · 4/25/22
        
        I'm certainly not going to bet against the dollar...but I'm not above hedging a small portion.NT NedoftheHill 4:12pm · 4/25/22

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