Benefits of China's Digital Currency for Citizens and Businesses

The Chinese Government, and its Central Bank, are currently experimenting with a digital currency. The hope is that it will make financial transactions faster, more efficient and cheaper for government, business and ordinary citizens. Some speculate it's about giving China's currency an edge over the PRC's major economic competitor, the United States. But whether Beijing's experiment succeeds or not will depend on matters of trust, surveillance and international appeal.