Monday, October 23, 2017 4:45:46 PM
But what's happening is much bigger than that.
China and the U.S. are fighting for world's reserve "TREASURY". I didn't say 'currency', because hand to hand money is out the window with the bath water.
You can't even catch a taxi or buy anything in China right now with cash. It's purchase via cell phone or you are screwed. China is surrounding India and putting a squeeze play kind of "payment transaction" siege on them by boxing India in via direct China digital sales with all of India's neighboring countries... That's how you dominate nowadays, by technology, cell phone app, and digital money flow.
U.S. has got to get onboard, and fast. A race is on to find the most secure and dominant transaction technology for our country, and Ann of North, Central, and South America for that matter. China has a 30 year plan to rule the world, and they are leading the race.
Totally controlled sales and purchases for their own people... If an incountry transaction does not benefit China (the State itself), then it will not be allowed by the government. International and business digital transactions can all be monitored and controlled.
United States has got to get a tech jump on China to stop the dominance. Biometrics are key to secure transactions via cell phone and computer. Biometric companies will be forced to consolidate technology via mergers in my opinion. There are just too many players with varying technology in the industry. The U.S. is desperately seeking a solid and secure standard in biometrics, especially with regard to Inter-change-ability.
Is that a word, Ollie??!!
HeHeHe
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