China, pioneer in national cryptocurrency

China will be the first country to test its cryptocurrency network.The Central Bank of China recently developed its cryptocurrency network and is about to test it. In my view if succeeded many advantages will be available not only for china's economy but for world and and I think Bitcoin will be more powerful because of that.

According to this article some benefits are:
The cost of transactions would be decreased.
The rate of fraud will also be decreased.
Obtaining of currency would be easier.

Image Sources:
https://www.crypto-news.net/biggest-blockchain-startup-in-china-to-release-new-technology-in-2017/

Sources:
https://futurism.com/china-becomes-first-countrchina-becomes-first-country-in-the-world-to-test-a-national-cryptocurrencyy-to-test-national-cryptocurrency/