China News Today TheBitTimes.com

ASEAN countries are quietly revolting against the US dollar on the ground level without the world noticing. Bobby Liu, a Singaporean digital nomad, roams across Asia armed with a smartphone and scans QR codes for payments. He visits Thailand and pays for a cup of coffee and pizza by scanning the PromptPay QR code. The payment automatically gets converted to their local currency, Baht. Liu then travels to Malaysia and scans their QR code DuitNow and pays in ringgit for anything he buys. The same drill happens when he visits Indonesia, where he scans the QR code through QRIS and pays the rupiah. When he’s in India, he uses the UPI, scans QR codes, and pays in the rupee. You see the shift here? International payments were mostly in the US dollar before, and now, ASEAN countries are using local currencies. None of these are happening through politics, policies, and trade deals; they’re happening with the common and regular people. “Imagine what that kind of instant payment can ...

Shiba Inu (SHIB) is responsible for the creation of several millionaires after its historic 2021 rally. Many people made millions with minuscule capital. Many others were too late to ride the SHIB wave. Those who missed out still wonder if they can make it big with the dog-themed crypto. Can $5000 In Shiba Inu Help You Retire By 2035? Source: Watcher.Guru If you buy $5000 worth of SHIB today, you will receive about 434,782,608 (434.78 million) coins. According to Changelly, SHIB could hit a maximum price of $0.000709 by the end of 2034. Let’s assume that the asset will hit an average of $0.0008 in 2035. At $0.0008 per coin, the value of the 434.78 million SHIB will reach $347,826.09. While the return is incredible, it is still way less than SHIB’s 2021 return. Given the economic climate of the world today, $347,826.09 may not be enough to retire. The dollar will also face a lot of inflation in the next 10 years. $347,826.09 may not allow you to quit your job and live your dr...

Congressman Tom Emmer made the anti-CBDC comments to an audience at the Cato Institute, a think tank in Washington. United States Congressman Tom Emmer believes the launch of programmable central bank digital currency (CBDC) in the country could strip American citizens of their financial privacy. Speaking at the Cato Institute, a Washington DC-based libertarian think tank on Mar. 9, Emmer explained that the programmable CBDC would be “ easily weaponized ” as a spying tool to “choke out politically unpopular activity,” among other things: As the federal government seeks to maintain and expand financial control to which it has grown accustomed, the idea of the central bank digital currency has gained traction within the institutions of power in the United States as a government-controlled programmable money that can be easily weaponized into a surveillance tool.” The Minnesota Representative introduced the CBDC Anti-Surveillance Act on Feb. 22 to halt the progress of The Digital Dollar...