Everybody lauches cryto currency but only China's new cryto currency makes sense...its targeted, focused, they know what they want to achieve and will achieve....that is why China is going places...the rest just taking pot shots, don't know what they want or trying to do.

https://www.forbes.com/sites/michaeldelcastillo/2019/08/27/alibaba-tencent-five-others-to-recieve-first-chinese-government-cryptocurrency/#613ee5f01a51

Global Central Bank DEEP Negative Rate Policy Has Begun! Biggest Debt Crisis In History!

https://www.youtube.com/watch?v=yfptzwGCIbg

China's new cryto currency, you will never have to face negative interest rates. 

It is hoped...in 5 -10 years, China's new cryto currency becomes popular world wide...another step in replacing US$ as the currency of choice.

In the meantime, the savings by the Central Bank of China will come to billions and billions of dollars. 

Eventually, all central banks will realise notes and coins are so old fashioned, so out dated, so inefficient.......

China, the country that invented paper money will show you the way out.........................