[seanmcdirmid]

I haven’t used a personal check states side in many many years; I don’t even bother ordering them anymore going for a cashiers check on the rare case I need a check for something. And when was the last time you went to an ATM in the states, maybe once every 6 months?

In contrast, up until a few years ago, I had to bring a backpack full of 100 RMB notes to pay my rent every 3 months. China has made a transition for sure, but don’t forget the local problems they were solving (poor penetration of UnionPay, poor online payment facilities). And online retail and a godsend when you consider the horrible state owned department store system and anemic brick and mortar retail clones they replaced.

Chinese companies will probably change the game in china, it as long as they are focused and limited to local problems, I don’t see how it will effect the west very much.