Saturday, February 13, 2021

China and SWIFT Partner to Take Digital Currency Global

 China’s central bank has partnered with SWIFT, the European-based global system for financial messaging and cross-border payments, to set up a joint venture — a move that observers say shows China’s ambitions to take the digital version of its currency, the yuan, global.

Some analysts VOA spoke to add that the development may further trigger a “hot” war between the official digital currency, often called the renminbi, and the U.S. dollar, although many agree that China’s currency still has a long way to go before it would rival its U.S. counterpart.


VOA


China and SWIFT Partner to Take Digital Currency Global

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