The e-RMB uses innovation that permits "controllable anonymity." Meaning buyers and dealers can be mysterious, but government authorities can promptly track suspicious exchanges.
Payments are made by means of phone numbers, without Swift, and require only electricity to be shown in fiasco or underdeveloped zones. Hence, turbocharging CCP China's capacity to extend soft power overseas.
The 2022 Beijing Olympic Games gives CCP China a worldwide platform to highlight the e-RMB. Which gave a huge first-mover advantage in CBDCs.
e-RMB undermines the whole global monetary payment system. Especially, the "extreme benefit," economic and geopolitical, of the USD being the world's reserve money.
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