Monday, June 11, 2018
This is China: We DON'T NEED PEOPLE at the shops now! Self-service Shops...
It's been incredible to witness the transition of China from a cash-only society to a cashless society within the past couple of years. It's nearly unbelievable! I remember the days of carrying hundreds of RMB in my wallet, but now - I just carry my phone - no cash at all!
Now we have WeChat and Alipay (Zhifubao), and they're used for everything nowadays. I've been made fun of because I've used cash. It's so surreal!
Now we don't even need people at shops now! It's all self serve! Just do it yourself - DIY!
I believe that China is leading the world in this aspect, and what China does with this cashless society will shape the future of money not only in Asia, but in the world. Not only with online payments, but maybe even in cryptocurrency in the not-so-distant future!
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