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China’s best tech is mostly just stolen American tech so I can understand why they’d want to focus on US startups.


This is true 5 years ago. Things have changed.


People keep saying that, but I don't really buy it. Scanning barcodes isn't really necessary when you have everybody with a credit card and every local merchant accepts NFC payment. Everybody using crappy unencrypted JS-based WeChat mini-programs instead of an app ecosystem is not an innovation but rather a way to lock and monitor the entire population with no privacy. Same goes for police-state facial recognition.


> Scanning barcodes isn't really necessary when you have everybody with a credit card and every local merchant accepts NFC payment.

The QR codes are quite cool in that anyone with a printer can print them out. I can't pay my friends with my contactless credit card in the same way I can pay a merchant.

Its a different approach with different pros and cons.


You can just venmo your friends.




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