May 18, 2020

What is China’s cryptocurrency alternative sovereign digital currency?

Posted by in category: cryptocurrencies

Many economists, however, are sceptical whether the impact of the digital yuan would significantly spread beyond its borders without official reforms to relax the yuan’s exchange rate convertibility.

China’s sovereign digital currency could be launched later this year, with the likes of Alibaba’s Alipay and Tencent’s WeChat Pay already popular payment methods.

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