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Author Topic: Chinese RMB  (Read 1126 times)
LanYu
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April 24, 2011, 04:22:17 AM
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If you want to invest in RMB, I can get you physical notes or I can hold if for you. If interested, I can get the money in Chinese interest; current interest rates are 6.31%.

Based off current exchange rates, my initial asking price is 10 BTC for 100 RMB.
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April 24, 2011, 05:56:18 AM
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Are you based in China?

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LanYu
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April 24, 2011, 07:20:56 AM
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Yeah, I read your thread from earlier. I think there is a lot of opportunity in BTC RMB exchange as both markets with high possibilities in future growth
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April 24, 2011, 11:32:19 AM
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Well you didn't answer the question, are you based in China or abroad?

It does have potential, but after looking at my own experiment trying to get my students to use bitcoin I have difficulty seeing it being much here, at least it would already have to be a big success abroad before it's even looked at back home.

Also see this article on why exchanges for RMB will be somewhat late to the party, the answer, no Chinese miners. It's the same reason the world uses USD, to pay for oil.

http://bitcoinweekly.com/articles/good-and-services-china-s-path-forward

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LanYu
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April 24, 2011, 02:18:58 PM
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Sorry, Yeah I am currently living in China. I definitely agree that the potential is there, especially as the RMB starts to become a larger player in global markets. I think there is a lot of speculative power in both BTC and RMB, especially coming from the standpoint of the USD.
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May 17, 2011, 05:49:49 AM
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Hey, I'm interested in this but we'll have to re-negotiate the exchange rate. I'm sending you a PM.

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