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China vs. The Dollar | Diana Choyleva

Bankless

NOTE

Embrace Adaptability Over Isolation

Navigating financial systems in foreign countries requires adaptability and an understanding of local infrastructures. In China, while there have been improvements for foreign access to mobile payment technologies, reliance solely on Western systems separates individuals from essential services. Recognizing China's complex and diverse economic landscape is crucial, as it has embraced advanced mobile payment methods, surpassing traditional credit card use in many aspects. Approach engagement in international markets with an awareness of local norms and practices to enhance utility and effectiveness.

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