Digital Yuan Could Usurp US Dollar In Hong Kong, Thailand And The UAE. Serious Yet?


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Digital Yuan Could Usurp US Dollar In Hong Kong, Thailand And The UAE. Serious Yet? By - April 3, 2021 Blockchain based currency could lead the way in cross border transaction when central banks start looking at this digital payment mode more seriously and start the process of decoupling from the traditional system of transaction. While most European and other progressive nations still piloting this new technology, China is way ahead with its Digital Yuan (DY) and considering using digital currency for cross-border transactions. The People’s Bank of China (PBOC) is in advance talks with Hong Kong Monetary Authority on...