ilmscore | This Is CRAZY!! CBDC in China, Its Development & What It Means!!

This Is CRAZY!! CBDC in China, Its Development & What It Means!!

Published: 2023-08-15
Status: Available | Analyzed

Predictions from this Video

Total: 4
Correct: 0
Incorrect: 0
Pending: 4
Unrated: 0
Prediction
Topic
Status
Concerns regarding China's digital yuan (ecny) are expected to be increasingly discussed on Capitol Hill.
"I wouldn't be surprised if we hear more concerns about the ecny aired on Capitol Hill in the future."
US Political Discourse
Pending
China is investing in blockchain technology and positioning itself as a leader in its infrastructure development, with CBDCs being a part of this broader strategy.
"China is banking on blockchain's rapid adoption. It is positioning itself as a leader in infrastructure development and cbdcs are just one component of this overarching plan."
Blockchain Technology Adoption
Pending
The successful widespread adoption of the digital yuan (ecny) could become a significant tool for domestic control in China, leading to an 'Orwellian future'.
"Emily says 'it would be a crucial tool for domestic control I'm sorry to say an orwellian future is fast approaching'"
Digital Yuan (ecny) Adoption
Pending
The digital yuan (ecny) system currently faces technological limitations in terms of transaction capacity and scalability when compared to established payment platforms like Alipay and WeChat Pay.
"the ecny system is still technologically inferior to alipay and WeChat pay in terms of capacity and scalability it can't handle that many transactions per second"
Digital Yuan (ecny) Technology
Pending