China's Integration of CBDC into Social Credit System: Vending Machines and Control

China's Integration of CBDC into Social Credit System: Vending Machines and Control

Description: In this video, Matt discusses the latest developments in China, where the country is integrating its Central Bank Digital Currency (CBDC) into its Social Credit System. He explores how this integration affects everyday life, specifically in vending machine transactions. Now, individuals will require a minimum Social Credit Score of 550 to make purchases from China's vending machines. These machines operate through popular Chinese digital wallets, Alipay and WeChat. Join the conversation as Matt uncovers the implications of CBDC and its impact on individual autonomy and control.

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