China’s Cryptocurrency Is Said to be a Direct Competitor of Facebook’s Libra

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We all know that China isn’t exactly the biggest fan of cryptocurrencies but that somehow didn’t stop them from making their own digital currency…? An insider source has revealed that China’s cryptocurrency will share a lot of similarities with the upcoming stablecoin from Facebook, Libra. Reuters have reported that the senator of the central bank of China has confirmed the above while also saying that the digital currency will provide a large user accessibility via China’s biggest social media application Alipay and WeChat. Wu Changhai, the deputy dean of the Institute of Capital and Finance of China University of Political…
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China’s Cryptocurrency Is Said to be a Direct Competitor of Facebook’s Libra

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