It's impossible to live in China without an internet connected phone

[Blazor]

I still like using cash. Fuckers dont need to know my business. I only pay my bills with debit cards and checks. All store purchases I use cash.

[Anonymous]

I still like using cash. Fuckers dont need to know my business. I only pay my bills with debit cards and checks. All store purchases I use cash.

We have direct debit for most of our bills.

[Thiel]

I travel to China regularly for business. I have a Chinese phone with a WeChat app. You need it there.

[Anonymous]

I travel to China regularly for business. I have a Chinese phone with a WeChat app. You need it there.

Than you must have a Chinese bank account too Thiel?

[Thiel]

I travel to China regularly for business. I have a Chinese phone with a WeChat app. You need it there.

Than you must have a Chinese bank account too Thiel?

i have a HSBC rmb bank account. But, WeChat Pay now supports Visa, MasterCard, AMEX, and Discover. The only people using cash in China were foreigners. But, many places do not accept cash payments.

[Anonymous]

I travel to China regularly for business. I have a Chinese phone with a WeChat app. You need it there.

Than you must have a Chinese bank account too Thiel?

i have a HSBC rmb bank account. But, WeChat Pay now supports Visa, MasterCard, AMEX, and Discover. The only people using cash in China were foreigners. But, many places do not accept cash payments.

I see, thank you Thiel.

[Anonymous]

I travel to China regularly for business. I have a Chinese phone with a WeChat app. You need it there.

Than you must have a Chinese bank account too Thiel?

i have a HSBC rmb bank account. But, WeChat Pay now supports Visa, MasterCard, AMEX, and Discover. The only people using cash in China were foreigners. But, many places do not accept cash payments.

China doesn't have a developed financial system, so they need something home grown.

[Vancouver]

I travel to China regularly for business. I have a Chinese phone with a WeChat app. You need it there.

Than you must have a Chinese bank account too Thiel?

i have a HSBC rmb bank account. But, WeChat Pay now supports Visa, MasterCard, AMEX, and Discover. The only people using cash in China were foreigners. But, many places do not accept cash payments.

WeChat doesn't use NFC Like Google Pay and Apple Pay? Merchants scan the QR Code on the WeChat app to receive payment? I think that's how it works. Cause only a select number of places here accept WeChat for payment. While Google Pay can be used wherever debit and credit are accepted by tap.

[Anonymous]

I travel to China regularly for business. I have a Chinese phone with a WeChat app. You need it there.

Than you must have a Chinese bank account too Thiel?

i have a HSBC rmb bank account. But, WeChat Pay now supports Visa, MasterCard, AMEX, and Discover. The only people using cash in China were foreigners. But, many places do not accept cash payments.

WeChat doesn't use NFC Like Google Pay and Apple Pay? Merchants scan the QR Code on the WeChat app to receive payment? I think that's how it works. Cause only a select number of places here accept WeChat for payment. While Google Pay can be used wherever debit and credit are accepted by tap.

What old Thiel is saying is that foreigners can now use those pay apps without having a Chinese bank account.

[Vancouver]

The chinese malls here is the opposite. Businesses only accepts cash.

[Anonymous]

The chinese malls here is the opposite. Businesses only accepts cash.

And the Chinks in Vancouver all have credit cards too. That is weird.

[Vancouver]

The chinese malls here is the opposite. Businesses only accepts cash.

And the Chinks in Vancouver all have credit cards too. That is weird.

Businesses have to pay fees for credit card transactions. Plus tax evasion is a common practice. The hotdog guy that I know he pays a monthly fee for a debit/credit machine. I no like carrying cash. We are going into a cashless society. Digital transactions is convenient. In 10 years bums wouldn't be asking for spare change. They will have to find another way to make money.

[Anonymous]

The chinese malls here is the opposite. Businesses only accepts cash.

And the Chinks in Vancouver all have credit cards too. That is weird.

Businesses have to pay fees for credit card transactions. Plus tax evasion is a common practice. The hotdog guy that I know he pays a monthly fee for a debit/credit machine. I no like carrying cash. We are going into a cashless society. Digital transactions is convenient. In 10 years bums wouldn't be asking for spare change. They will have to find another way to make money.

You get money back at the end of the year if you pay for everything by credit card. We usually get two to three thousand bucks.