Analysis: China digital currency trials show threat to Alipay, WeChat duopoly
https://www.reuters.com/article/us-cenbanks-digital-china-analysis/analysis-china-digital-currency-trials-show-threat-to-alipay-wechat-duopoly-idUSKBN2CD03V
Shanghai - In China's commercial hub Shanghai, six big state banks are quietly promoting digital yuan ahead of a May 5 shopping festival, carrying out a political mandate to provide consumers with a payment alternative to Alipay and WeChat Pay.
Analysis: China digital currency trials show threat to Alipay, WeChat duopoly
Apr 26, 2021, 3:13am UTC
https://www.reuters.com/article/us-cenbanks-digital-china-analysis/analysis-china-digital-currency-trials-show-threat-to-alipay-wechat-duopoly-idUSKBN2CD03V
>Shanghai - In China's commercial hub Shanghai, six big state banks are quietly promoting digital yuan ahead of a May 5 shopping festival, carrying out a political mandate to provide consumers with a payment alternative to Alipay and WeChat Pay.