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Bitcoin.com 2023-09-06 09:30:01

China Wants the Digital Yuan to Be Ubiquitous in Retail Payments Arena

China is pushing for universal national adoption of the digital yuan, with People’s Bank of China’s (PBOC) officials stating the currency should be available for all retail payment scenarios. The recent introduction of a standard for QR-based payment codes is part of this move, which also seeks to make wholesale payments interoperable with the digital

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