Like a scene from an Orwellian nightmare, authorities in Shenzhen China show where the future of centralized cashless payments is headed. And it isn’t pretty. Centralized Cashless Payments in China China is known for its high rate of technology adoption. Of the 2 billion or so smartphones around the world, two-thirds of them are in China. Unlike most users in the West, Chinese smartphones are particularly popular for making instant cashless payments. Just about everyoneRead MoreThe post China’s Orwellian Cashless Payments Show Why Bitcoin Is Freedom appeared first on Bitcoinist.com.
