China Could Roll Out Its CBDC Without Anyone Realizing

[Tanimariya]

Ledger’s Glen Woo believes that China’s central bank digital currency could be deployed using existing payment rails without citizens noticing the change.
China has emerged as the world’s leader in central bank digital currency, or CBDC, development, driving speculation surrounding the country’s domestic and international ambitions for its CBDC.

Speaking to Cointelegraph, Glenn Woo, Ledger Vault’s head of the Asia-Pacific region, predicted that China’s state-backed virtual currency will be the first to launch worldwide.
Read more info: https://cointelegraph.com/news/china-could-roll-out-its-cbdc-without-anyone-realizing