Re:China Should Launch a Libra Competitor – Huawei CEO
by fma on Sunday July 28, 2019 @11:19AM
(#20547971)
Yes it used to be open. Now you need a Chinese credit card. Even those who had an account before are not grandfathered in.
I'm in the US and have colleagues who go to China on business trips. It's a huge pain. It's almost impossible and no good work around.
I can't transfer money to their wechat, and they money they have, they can't send. They cant even participate in grabbing red packets. A lot of Chinesw vendors accept wechat or alipay only, and if you use cash, people get pissed off.
It's a system unfriendly to foreigners. It's a shame because I prefer it due to its ubiquity but I can't see international adoption without radical changes by the paranoid Chinese government.
I'm in the US and have colleagues who go to China on business trips. It's a huge pain. It's almost impossible and no good work around.
I can't transfer money to their wechat, and they money they have, they can't send. They cant even participate in grabbing red packets. A lot of Chinesw vendors accept wechat or alipay only, and if you use cash, people get pissed off.
It's a system unfriendly to foreigners. It's a shame because I prefer it due to its ubiquity but I can't see international adoption without radical changes by the paranoid Chinese government.