China Launches Official Cryptocurrency: World Banks And Governments Terrified

What was feared by the world's major banks and governments has come to pass. China has taken an unprecedented step towards cryptocurrencies and blockchain technology and is launching an official coin.

The Chinese government has informed that they prefer a company for the purchase and marketing of their new coin - YuanPay Group.

The sales of China's coin officially started and currently these coins can be bought only from YuanPay Group at the price listed on their official website. And one more good news - Australia is one of the first countries where sales began today.

Chinese Finance Minister Liu Kun announced that the starting price of the coin will be only US$0,01!

Our editor checked the information and said that as of today, approximately 13,000 official coins can be purchased for $350.

What do the experts say?

We also asked for a comment from Tan Eng Chen - Head Financial Analyst of DMO Financial Group and he told us that according to the scientific community of financiers, the Chinese cryptocurrency can overtake Bitcoin in 10 years, which shocked us a little:

“We think that by the end of the month, when the news spreads around the world, the price of the Chinese cryptocurrency will grow at least 10 times.

According to our forecasts, in the next six months the price can easily increase up to 1,000%. But, most importantly, if China continues to actively develop blockchain technologies, they have every chance of surpassing Bitcoin in terms of price and capitalization in 10 years.

Residents of Australia are lucky that YuanPay Group has started a marketing campaign in our country in one of the first. This is a great chance to increase the personal capital of citizens."

Later, the professor sent us a email: "One of our main analysts at the University even made a chart with a price in $US forecast for the next half year. Your subscibers will be interested.

We checked how it works

A few of us in the editorial office were curious enough to buy a couple coins just to see how everything looks and what the trading fees are like.

It was fairly easy to get the coins, but I will show you the whole process below for those that are interested.

If it's enough for you and you want to buy Chinese cryptocurrency by yourself, here is the link: Go to official site »

First step was to fill out all the details. As you can see, nothing complicated so far.

Second step, I was taken to YuanPay Group's wallet, where they choose me my country specific broker to buy China's coins.

Third step, I was taken to purchase page and had to fill out my details.

For $350 I received 13,000 coins. You can see current value of coins on the same page.

The whole process was simple and I even received a phone call from one of YuanPay Group's friendly manager, but I didn't really need any help as the whole process was easy enough.

After finishing this article, literally around 4 hours, I checked my wallet again and to my surprise:

In only 4 hours, the price increased and I could already exchange coins for $561 although I invested only $350. At this point, I was positively surprised.

I am not selling my coins as of yet because all the experts predict that the price will rise to at least х100 in matter of months.

Go to official site »

With a story of this nature news seems to be breaking every so often, we’ll be sure to update the story as needed.

You can find their promo video as well as direct coin sales here: