Wrong, they won't be. See my example above, just wait until everyday merchants only accept this as payment.
>WeChat is not the result of a private endeavor, it is state-sponsored and controlled. It would be way worse for the government to manage Libra than for Facebook to do it. Gov has USD.
Fiat currency is controlled by the Chinese government too. You completely missed the point. The Chinese government does not force businesses in China to only accept WeChat Pay, they choose to do so.
Wrong, they won't be. See my example above, just wait until everyday merchants only accept this as payment.
>WeChat is not the result of a private endeavor, it is state-sponsored and controlled. It would be way worse for the government to manage Libra than for Facebook to do it. Gov has USD.
Fiat currency is controlled by the Chinese government too. You completely missed the point. The Chinese government does not force businesses in China to only accept WeChat Pay, they choose to do so.