The trick is to structure it to not be long the USD or CNH/CNY for any of the gains.
Pretty sure South Korea invented these, and China copied them.
i said it is the addition of the steps and their expectation in the west that i find weird, replying to OP's story
wich i assume he has an agenda to push some services over there to compete with chinese ones
then i mention things they have and we don't
maybe that is the result of not always expecting what the west expect, wich allows them to be this agile and adopt things much quicker, wich allows them to go past the post industrial age quicker
we seen it already with 5G
what prevented that to happen in the west? lack of education, lack of market will to invest, they wanted their society to remain in the bronze age because more profitable, and also some of westerners believe 5G is a conspiracy
it's weird isn't it?
they do what we can't do because we built a society around profits first
Contactless payments are already widespread in every Western nation that isn't the US.
[1] See first two sentences here:
https://www.cbc.ca/news/science/new-credit-cards-pose-securi...
And you still can't use your phone, a joke this system is
But again, outside of the US it isn't. Contactless payments have been common in Europe and had widespread usage for a decade. Chinese and European adoption was pretty similar.
this is literally what China does lol
At least in the UK that exists to some degree post-covid, but its in the form of every pub chain in the country having its own crappy mobile app for ordering via a phone.
Well, seems like you want to look at things from the point of view of "I hate surveillance capitalism!".
I remember trying to look up how to jailbreak an iPhone 6. Google results were a mostly forum posts talking about iPhone 4 jailbreaks, and it'd be 1 forum post of content and dozens and dozens of people saying "Great job!", "Thanks!", etc, which aggravated the hell out of me. This is persisting something which should be ephemeral (since I feel like dozens of "Thanks!" are valueless 10 seconds after they're uttered)
How do you expect to find information if they're not persisted/searchable anywhere, it'd be like in the old ages where you have to figure out the right master who has the know how and reach out to him.
china is doing it right, paying for simple things is so easy TODAY, just scan this thing and done, public transport same thing, so easy TODAY, not in 10 years, it's a thing TODAY, you scan your phone and done, no hassle, everything is smooth, everyone is on the same page
there is a lot to learn from china, we already copying them with contactless payments, even though our "market" doesn't want it because they want to make sure business are subscribing to service with insane fees first
we'll are stuck in the post industrial age, they are already moving past that, they were only just an emerging country yesterday, it's crazy how the west lost so much time, thanks to the capital i guess, our market doesn't want it