• demonsword@lemmy.world
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    11 months ago

    The US already has a robust and diversified financial market and payments infrastructure

    I heard that you folks up north still send written cheques via mail and sign little papers when use a credit card, doesn’t sound very robust or diversified to me

    • TurboDiesel@lemmy.world
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      11 months ago

      Valid, but our credit card and mobile payment penetration is way higher than China’s was at the time WeChat launched, and bank relationships are notoriously sticky.