Digital Yuan Must Dethrone Alipay, WeChat Pay Before Taking on USD – Researcher

Much has been made of the forthcoming digital yuan – China’s central bank digital currency – and its potential threat to the United States dollar, but a China watcher is saying that the token will first need to displace the likes of Alipay and WeChat Pay at the top of the domestic e-pay tree.
Alipay is the e-pay arm of the e-commerce giant Alibaba, while the tech  Read more »
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