Yogthos<p>China has made a strategic and quiet move in cross-border payments. They are now based on the digital yuan for transactions with 10 ASEAN countries and six Middle Eastern countries, bypassing the Swift system.</p><p>The People’s Bank of China has been the entity in charge of connecting the digital RMB, which gives China a victory over the prevalence of the US dollar in the global economy.</p><p><a href="https://bitfinance.news/en/china-launches-cross-border-payment-system-with-digital-yuan/" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">bitfinance.news/en/china-launc</span><span class="invisible">hes-cross-border-payment-system-with-digital-yuan/</span></a></p><p><a href="https://social.marxist.network/tags/china" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>china</span></a> <a href="https://social.marxist.network/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>economy</span></a></p>