China Just Paid You to Hold Digital Cash – What?! 😲
In a move that made central bankers in Frankfurt, Washington, and Basel choke on their morning espresso, the People’s Bank of China announced that e-CNY wallets would now earn interest-just like a demand deposit. Because, why not? Physical cash doesn’t pay interest, of course. That would be absurd, like charging rent to a rock. But the digital yuan has apparently read Dostoevsky and decided it, too, desires meaning-and compound interest.


