China's plan to end the anonymity of cash

'E-yuan' will enable deeper monitoring of payments and transactions

20181108 china cash alipay wechat

A customer pays cash, in front of QR codes for Alipay and WeChat Pay, at a pork stall inside a market in Nantong, China.

With cash playing a dwindling role in payments in China, the country's central bank is working on another way to get into citizens' wallets.

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