Real-world tests of the digital yuan show how it could disrupt China’s mobile payment giants

Jan 21, 2021 | The Block News | 0 comments


Quick Take

  • Merchants who supported digital yuan for real-world testing said they didn’t have to pay any transaction fees, unlike when they use third-party payment providers.
  • The government has sent mixed signals about whether the central bank digital currency will compete with Alipay and WeChat Pay.

This feature story is available to
subscribers of The Block Daily.
You can continue reading
this Daily feature on The Block.

News Source from

Related Articles

Bitcoin Futures See Record $180 Billion in Trading Volume

Bitcoin Futures See Record $180 Billion in Trading Volume

The total daily trading volume on various Bitcoin (BTC) futures markets has reached a new all-time high of $180 billion, crypto analytics platform Glassnode pointed out today. This comes as the price of Bitcoin has dropped below the $50,000 mark in the last few days,...

Pin It on Pinterest

Share This