Thursday, March 18, 2021

China's Digital Currency Easy to Use But You Will be Watched!

 Is it just me?  Or do headlines like this literally BLARE the announcement that the Antichrist and global currency requiring a mark to access, are really close?  Below is a back and forth conversation that you can watch in Chinese on Yahoo but is just as easy to read.

HUANG DAN: [SPEAKING CHINESE]

CASHIER: [SPEAKING CHINESE]

- Huang Dan just paid with a new type of money at this pharmacy.

HUANG DAN: [SPEAKING CHINESE]

- That's because China's paper cash is going digital.

HUANG DAN: [SPEAKING CHINESE]

- The digital Yuan is meant to be faster than using credit or debit cards on digital wallets like Apple Pay. Plus, there are other incentives, like zero transaction fees for merchants, and one day, it'll even work offline. But one major difference is that the digital Yuan is 100% trackable by China's central bank. And when it's launched nationwide, it could impact not only citizens, but also foreign companies operating in the country.

YAYA FANUSIE: The central bank will know who's paying, how much they're paying, when they're paying, where they're paying, and [? then ?] to analyze the patterns of payment.

- China's central bank has also said it plans to gradually replace all cash and coins with the digital Yuan. The country would be the first major economy to introduce a digital currency in the real world. And while many users say the digital Yuan is easy to use, China's money revolution could usher in privacy concerns.

HUANG DAN: [SPEAKING CHINESE]

- Using the phone to pay isn't a new concept for Huang, since he's one of about 770 million mobile payment users in China who rely on digital wallets like Ant Group's Alipay and Tencent's WeChat Pay. These private tech firms hold data on transactions, which the government can access. But because the digital Yuan is developed by the central bank, there are no third parties, and that data sits with the government.

Here;  China's New Digital Currency Is Easy to Use but You'll Be Watched (yahoo.com)

Hmmmmm.....gradually replace all cash and coins, and all transactions can be stored, seen and analyzed by the Chinese Government!

Now imagine if America were to implode in the next weeks following the rapture of the church. Can you see how the dollar would vanish as the world's only Reserve Currency?  Can you see how the financial condition of the global financial world would be rocked??  Can you see how the world would accept the Antichrist when he shows up with some really good ideas to make him the "global Mr. Fixit"?

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