@KingKong9888: Digital yuan disrupts global finance in 7s cross-border payments

@KingKong9888: Digital yuan disrupts global finance in 7s cross-border payments
by timdaub.eth12379 🥝 • 1y • x.com
AI summary of the linked article

China's digital yuan, settled through the CIPS 2.0 cross-border system, is portrayed as disrupting dollar-based global finance. It cites a 120 million yuan ($16.5 million) payment from Shenzhen to Kuala Lumpur that cleared in 7.2 seconds, and a $100,000 SWIFT payment to a Thai supplier that cost $4,950 and took 72 hours. It also claims ASEAN will settle 90% of intraregional trade in digital yuan by 2025, and quotes Bank of England officials saying "We're at least 2.3 years behind China."

Recommended by 1 curator
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author says Blitzkrieg a little too often for my taste
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Has anyone found a source of that news? I did some Googling, and came across some loosely-related news, but couldn't find where this one came from
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It seems it's fake, coming from WeChat. In the comments there are references to articles exposing this. See https://t.co/4XRJ1vd6E8 (translated)

Also, "while "Chen Chen’s Insight" is referenced in a social media context, there is no clear, authoritative source or detailed analysis from a figure by that name regarding Baidu’s dynamics in the search results"
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But it shows that not only the Trump people can do propaganda. It fits nicely into the current climate.
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