Real-world tests of the digital yuan show how it could disrupt China’s mobile payment giants

Quick Take

  • Merchants who supported digital yuan for real-world testing said they didn’t have to pay any transaction fees, unlike when they use third-party payment providers.
  • The government has sent mixed signals about whether the central bank digital currency will compete with Alipay and WeChat Pay.

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Real-world tests of the digital yuan show how it could disrupt China’s mobile payment giants written by Wolfie Zhao @ https://www.theblockcrypto.com/daily/91947/digital-yuan-tests-alipay-wechat?utm_source=rss&utm_medium=rss January 22, 2021 Wolfie Zhao

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