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

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

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.

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