Business
‘One day everyone will use China’s digital currency’ – BBC News
China plans a digital version of its currency, which some say could become a big global payment system.
Image copyrightChandler GuoImage caption
Chandler Guo at one of his cryptocurrency mines
Chandler Guo was a pioneer in cryptocurrency, the digital currencies that can be created and used independently of national central banks and governments.
In 2014 he set up an operation to produce one of those currencies, Bitcoin, in a secret location in western China.
“Mining” Bitcoin is a power hungry enterprise involving dozens of computers so he used power from a hydroelectric station, in partnershi…
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