News Snapshot:
4. Enhanced Security and Data Protection Crypto vs. Digital Payments: What Will Happen With the Financial Sector in China According to data from analytical service Statista Research , China is the current global leader in the digital payments industry. More than 60% of Chinese people use daily cashless transactions for goods and services, applying payment services. This has led to the growth in the popularity of digital payment services like AliPay, WeChat Pay, and QQ Wallet. Image Source: https://www.statista.com/chart/17409/most-popular-digital-payment-services-in-china/ At the same time, China continues to impose bans on crypto payments usage. It should be pointed out that at the...
