China takes steps to become first cashless society after Covid-19 New digital yuan is a ‘game-changer’ for the world’s second biggest economy, according to experts Officials believe the worst of Covid-19 appears to be over in China, though there are concerns of another wave of infections as the government attempts to reboot the world's second largest economy. This article will examine the possibility of a cashless society where cryptocurrencies are being used. Furthermore, the pros and cons of a cashless society. As the world moves towards cashless means of payments and connected societies, the main question is whether virtual currencies can prosper in a cashless society. > China takes steps to become first cashless society after Covid-19 – The National. cryptocurrency . China takes steps to become first cashless society after Covid-19 – The National. April 27, 2020 No comment. posted on Apr. 27, 2020 at 5:01 am. As contactless payments become the norm amid the worldwide pandemic response, China rolled out its digital currency this month in four cities ... The cashless society has been a dream of the crypto community but mainstream establishments such as Banks are beginning to move towards the cashless society and soon this dream would become a reality. Barclays Bank of Kenya recently launched a new mobile app called Timiza. The app will allow its customers gain instant access to micro-loans from the comfort of their phones. According to the CEO ... The CBDC eases people into a cashless society. States dislike cash because it offers an anonymity that blocks their ability to tax and control. If only the CBDC were permitted, however, extra ... Cryptocurrencies Steps In. Many experts now believe that Bitcoin and similar cryptocurrencies are a new demographic megatrend that is here to stay. Because of this, the transition from cash to digital payments methods including contactless Visa, Apple Pay, and Google Pay may be short-lived as cryptocurrency alternatives gain prominence.
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