CIPS
Beijing trying to use China’s digital currency to threaten US Dollar: Ambition or illusion
China has been developing and experimenting with a digital yuan, a central bank digital currency (CBDC), with China's blockchain. China, one of Bitcoin's biggest opponents, has taken the lessons being learned around the new technology and appropriated it to service its population. A blockchain is a secured public ledger that tracks every ...
China CIPS’s prospect unclear as it still depends on SWIFT
Many Russian banks were cut off from SWIFT when Western nations put sanctions on Russia for its invasion of Ukraine. SWIFT is a vast messaging network used by banks and other financial institutions to quickly, accurately, and securely send and receive information, such as money transfer instructions. Reuters reported that Chinese payment-related ...
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