Bitcoin tokens sit next to a collection of U.S. one dollar bills. (Photographer: Chris Ratcliffe/Bloomberg)
(Bloomberg Businessweek) -- People in China are no strangers to digital payments—if anything, it’s easier to move around and shop in Shanghai or Beijing with an Alipay or WeChat Pay smartphone app than it is bearing a pocketbook filled with yuan notes. Now the Chinese government has begun a pilot program for an official digital version of its currency—with the likelihood of a bigger test at the Beijing Winter Olympics in 2022. Some ...