News Snapshot:
China digital Yuan will coexist with Alipay, WeChat, PBOC says March 26, 2021, 11:47 a.m. EDT 2 Min Read REGISTER NOW China’s central bank said its planned digital currency will coexist with technology platforms like Ant Group’s Alipay, Tencent and WeChat Pay, which currently dominate the online payments market. One of the key reasons for the People’s Bank of China developing its own electronic yuan was to provide a backup to Alipay and WeChat Pay, which together make up 98% of the mobile payments market, said Mu Changchun, director of the People’s Bank of China’s digital currency research institute. He...
