China is testing a digital yuan, aiming to accelerate the replacement of cash and increase state control in a society where digital payments via WeChat Pay and Alipay are already the norm. Here is what Beijing’s new system looks like—and how it would work.

https://www.wsj.com/articles/what-chinas-new-digital-currency-tells-us-about-a-cashless-future-11610105733?reflink=desktopwebshare_twitter