Sino Global Capital CEO: China's digital banking firm will compete with USD, not Bitcoin

07月
09
2020-7-9 11:24
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According to FXStreet, Sino Global Capital CEO Matthew Graham said that China Digital Banking (DC/EP) will now focus on competing with the US dollar on Bitcoin. China sees the new technology as a "leap forward" in opposing dollar law. Boxmining Founder Michael Gu claims that Digital Currency in Electronic Payment (DC/EP) lends the same concept as Bitcoin "UTXO". However, DC/EP is not a public blockchain like Bitcoin. Matthew Graham said DC/EP has nothing to do with Bitcoin. "It's about the international capacity of the yuan, at least for some."

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