Is China the Model as We Move Toward Digital Currencies and Cashless Society?

In China, all changing stations owned by the state and you need to use the digital wallet app by scanning their QR code to charge your car. If you don’t follow the instructions of government , you will be disconnected from everything. Is China the model as we move toward digital currencies and a cashless society?

Published by markskidmore

Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.

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