Analysis: China digital currency trials show threat to Alipay, WeChat duopoly

Analysis: China digital currency trials show threat to Alipay, WeChat duopoly

3 years ago
Anonymous $4BDEsVAtYS

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.