“Bitcoin presents a marvelous gift for China, a country anxious to exert financial influence on a global scale, but nervous to overtly undercut the U.S. dollar, which it holds in abundance. It could also help China exert more economic influence over commodity-rich Africa. Digital currencies like Bitcoin are already set to take off there and ring financial inclusion to 2.5 billion of the world’s most under-banked. In Africa, this could mean the destruction of weak country currencies, large scale consumer adoption via mobile payments, and Chinese financial supremacy in Africa. For America, oil contracts from non-OPEC countries denominated in Bitcoin would pose significant threats.”

http://money.cnn.com/2013/11/18/investing/bitcoin-china/index.html

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