It sounds like one of the reasons why this has grown so quickly - compared to mobile payments in the west - is that you can just sign up and have it instantly. Apple Pay and the like need your bank and the retailer to support it which doesn't happen straight away. In this case it sounds very much like the dream of Bitcoin and cryptocurrencies.
The article mentions that not everyone has access to it though, if you just sign up why is that (they don't want it or something else)?
And what about privacy? Obviously everything you buy is being fed into a big government database somewhere. Do people in China not care about that (has privacy been eroded so much)?
> And what about privacy? Obviously everything you buy is being fed into a big government database somewhere. Do people in China not care about that (has privacy been eroded so much)?
I don't see how it's different from using credit cards or any other digital payment method.
The article mentions that not everyone has access to it though, if you just sign up why is that (they don't want it or something else)?
And what about privacy? Obviously everything you buy is being fed into a big government database somewhere. Do people in China not care about that (has privacy been eroded so much)?