China’s digital yuan is backup to AliPay and WeChat Pay, says official

by Aurelia Butler 26 March 2021, 12:20 119 Views

Mu Changchun, head of the People’s Bank of China’s digital currency research institute, claimed that China’s digital yuan is needed to ensure financial stability in case “something happens” to AliPay or WeChat Pay, the South China Morning Post reports.

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China’s digital yuan is backup to AliPay and WeChat Pay, says official

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