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Sunday, May 09, 2021

What will China’s digital yuan mean for Alipay and WeChat Pay?

What will China’s digital yuan mean for Alipay and WeChat Pay?

China already boasts more digital mobile payment users than anywhere else on earth, in a US$49 trillion market almost 500 times bigger than in the United States. The People’s Bank of China governor Yi Gang wants to hasten the digital transformation of China’s currency and economy.
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