News Snapshot:
The past few years before the Covid-19 pandemic saw the rise of contactless payment systems getting popular in China and other countries. The announced figure showed that Alipay had 1.2 billion users and WeChat Pay had 900 million at the end of 2020. For Alipay, overseas users counted 300 million. The rise of cryptocurrency such as Bitcoin, based on blockchain, in the second half of the 2010s threatened the seigniorage power of governments...
