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Remittances, Car Fleet Mgmt., considering fund transfers and tracking
Teamed up with Alibaba Group co-founder for planned “e-Trade for All” application
BANGKOK (THE NATION/ASIA NEWS NETWORK) - The Chinese authorities last week announced they were shutting down bitcoin exchanges. Coming hot on the heels of a ban on Initial Coin Offerings, it was no surprise that the latest move sent the price of bitcoin tumbling. However, these moves do not mean that cryptocurrencies are finished. Indeed, China is strongly committed to developing its own digital currency which would be under the control of the People's Bank of China (PBoC) which is already trailling its own as-yet unnamed cryptocurrency.
China, the UN, Alibaba and the New World Order have been trudging along without even skipping a beat while creating their own blockchain crypto currency and marching China right to the lead with their government system.