The Chinese authorities urge to develop blockchain!
The State Bank prepare to launch its cryptocurrency DCEP. The head of the Bank of China research company said that this will be the first state blockchain and mistaken. The first was Venezuela, with its great president, cheap gasoline and the Petro cryptocurrency.
DCEP creates a blockchain-based value-creation ecosystem that spans cross-border trading, cross-border settlements, daily consumption, and government affairs.
This is cooler than Libra from Facebook and even TON (Pavel Durov). And it is very similar to the Chinese, who love all their own. The explosion of activity on the topic of blockchain in the Chinese government is by no means connected with the fact that blockchain is good. Bitcoin is still banned in China, it is a fact.
The Chinese realized that blockchain and cryptocurrency are much cheaper than traditional and electronic money, very transparent and, when the tasks are set correctly to developers, it is also very easy in control.
China’s new state cryptocurrency will bite off a decent chunk of the market from AliPay and WeChat Pay. The launch is scheduled for November 11, 2019.
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