As far as I know, not one country allows bank customers to open an account with monopoly money, nor will any credit card company let their customers pay their bills with monopoly money.
China’s digital yuan smacks of the Bitcoin conspiracy that media coverage turned into a legitimate investment:
The digital yuan’s acceptance beyond mainland China could give the regime a significant geo-economic tool, one that bypasses the network of banks and financial institutions that are subject to U.S. laws and binds client states more directly to Beijing.
China's digital currency could bring surveillance state to wallets at expense of US dollar
by Joel Gehrke, Foreign Affairs Reporter |
May 09, 2021 08:00 AM
https://www.washingtonexaminer.com/...ng-surveillance-state-at-expense-of-us-dollar
Will retail businesses and lenders accept payment in digital yuans? I do not have an answer, but I sure as hell will not accept digital yuans from anybody that wants to pay me for anything I sell.
Watch this 1950 movie if you do not know what a T.C. is.
SHORTCUT: Fast forward to the end of the movie and watch T.C. Jeffords burn a trunk full of T.C.s. before he gets shot.
Finally, nothing has changed since 2017:
Bitcoin is a fraud that will ultimately blow up, according to JP Morgan boss Jamie Dimon, who said the digital currency was only fit for use by drug dealers, murderers and people living in places such as North Korea.
Speaking at a conference in New York, the boss of America’s biggest bank said he would fire “in a second” anyone at the investment bank found to be trading in bitcoin. “For two reasons: it’s against our rules, and they’re stupid. And both are dangerous.”
Bitcoin is a fraud that will blow up, says JP Morgan boss
Angela Monaghan
Wed 13 Sep ‘17 06.26 EDT
https://www.theguardian.com/technol...n-fraud-jp-morgan-cryptocurrency-drug-dealers