China has advantages in the fields of digital payments and blockchain. Disregarding blockchain for a moment, digital payments in China are already advanced through the widespread use of Alipay and WeChat. Chinese people are already used to digital wallets whereas many people in the West are not. Later this year the DCEP, (Decentralized Electronic Payments, or China's answer to Libra) will probably be launched. Meanwhile the Libra project is stalling and showing little signs of progress. So a widely used digital yuan is likely to appear before a widely used digital dollar.