CIPS

The Cross-Border Interbank Payment System (CIPS) is about to make a big move! The central bank, in collaboration with multiple departments, has officially announced: CIPS is set for a comprehensive upgrade, focusing on the introduction of blockchain technology to create a more secure and efficient payment system! Significant enhancements in functionality, with increased global network coverage, will enable digital RMB cross-border payments to reach every corner of the world.
The U.S. dollar index and gold have been acting unpredictably lately, and the dollar probably feels lost: What? Is the RMB going to overtake from behind? Come on, you’ve been leading for so many years, how can you complain about being overtaken? Right!
Of course, some friends might ask: Can the internationalization of the RMB happen so quickly? Isn't there a whole fleet of “aircraft carriers” protecting the dollar's global hegemony? Hold on, the transaction volume of CIPS has exceeded 100 trillion RMB, covering over 110 countries and regions worldwide! This upgrade centers around blockchain technology, making RMB payments as convenient as a global VIP level!
Will the dollar's status be shaken? It's not an overnight change but a gradual development. The RMB's share in international trade settlement has soared to 24%, hitting a historic high! Settling in RMB has become a trend among countries along the Belt and Road! Right now, gold and Bitcoin are hammering down hard on the dollar; the dollar is almost going bald! At this moment, pushing for blockchain-driven CIPS is simply the perfect timing!
#人民币国际化 #CIPS #区块链技术 #美元霸权