China’s e-payments ecosystem is set to step up a level of sophistication as the coronavirus pandemic and deteriorating US-China relations hasten Beijing’s plans for a digital fiat currency; potentially complicating a landscape dominated by Alipay and WeChat Pay. The central bank’s e-yuan, called Digital Currency Electronic Payment (DC/EP), would let […]
Read Time : 1 Minutes
China’s sovereign digital currency plans must be globally compatible to internationalise the yuan, analysts say
China is set to expand the testing of its new sovereign digital currency later this year or in early 2021, but analysts say the design of its technological platform needs to be made compatible with those of other countries if the digital yuan is to play a role in international […]