China plans to break up Ant's Alipay and force creation of separate loans app

Re:China plans to break up Ant's Alipay and force creation o... by hwbehrens on Monday September 13, 2021 @02:09PM (#28514719)

> The fact that even Beijing isn't taking that path should show how extreme it is.

I think they absolutely are taking that path with their recent push towards the eYuan. If they want to replace Alipay with their nationalized, centralized system, I imagine the steps would look roughly like:

1. Create eYuan (Done)

2. Disrupt other solutions (We are here)

3. Disallow other solutions

4. Done

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Re:China plans to break up Ant's Alipay and force creation o... by toomuchtodo on Monday September 13, 2021 @02:17PM (#28514816)

I am honestly a bit shocked how many folks are aware of China's digital currency push and nationalizing big fintech, and still don't see this is the endgame. Monetary policy and control of economies are power, why would you cede that control to civilians?

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Re:China plans to break up Ant's Alipay and force creation o... by tetris11 on Tuesday September 14, 2021 @01:36AM (#28520639)

Citizens tend to have more say over how their countries leaders, than how a CEO of a company they consume from is elected

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