DigitalRMB
425 views
2 Discussing
Hot
Latest
#DigitalRMB
China’s Digital Yuan Redefines Global Trade Landscape
China’s central bank has announced a major breakthrough: its digital currency system—the digital RMB—is now fully linked with 10 ASEAN and six Middle Eastern countries. This allows 38% of global trade to bypass the US-dominated SWIFT system, marking what The Economist calls the first battle of “Bretton Woods 2.0.”
The digital yuan system, powered by blockchain, enables cross-border payments in just 7 seconds, compared to SWIFT’s 3–5 days. In a real-world test, a payment from Hong Kong to Abu Dhabi via digital yuan bypassed multiple banks, cut costs by 98%, and used a distributed ledger for instant transfer.
The technology doesn’t just speed up transactions—it embeds automatic anti-money laundering enforcement. In a China-Indonesia project, a cross-border payment took just 8 seconds, making it 100 times more efficient than traditional methods. As a result, 23 central banks have joined the initiative, with Middle Eastern traders reducing settlement costs by up to 75%.
China is also using the digital yuan to support its Belt and Road projects, integrating it with satellite and quantum communication to build a "Digital Silk Road." Already accepted in 87% of countries, digital yuan transactions have surpassed $1.2 trillion globally.
While the US debates the future of its dollar, China is quietly shaping a new financial order—where control over global payments may soon lie outside Washington’s reach.
#USChinaTensions
#DigitalYuanSyatem
#USChinaTradeWar
China’s Digital Yuan Redefines Global Trade Landscape
China’s central bank has announced a major breakthrough: its digital currency system—the digital RMB—is now fully linked with 10 ASEAN and six Middle Eastern countries. This allows 38% of global trade to bypass the US-dominated SWIFT system, marking what The Economist calls the first battle of “Bretton Woods 2.0.”
The digital yuan system, powered by blockchain, enables cross-border payments in just 7 seconds, compared to SWIFT’s 3–5 days. In a real-world test, a payment from Hong Kong to Abu Dhabi via digital yuan bypassed multiple banks, cut costs by 98%, and used a distributed ledger for instant transfer.
The technology doesn’t just speed up transactions—it embeds automatic anti-money laundering enforcement. In a China-Indonesia project, a cross-border payment took just 8 seconds, making it 100 times more efficient than traditional methods. As a result, 23 central banks have joined the initiative, with Middle Eastern traders reducing settlement costs by up to 75%.
China is also using the digital yuan to support its Belt and Road projects, integrating it with satellite and quantum communication to build a "Digital Silk Road." Already accepted in 87% of countries, digital yuan transactions have surpassed $1.2 trillion globally.
While the US debates the future of its dollar, China is quietly shaping a new financial order—where control over global payments may soon lie outside Washington’s reach.
#USChinaTensions
#DigitalYuanSyatem
#USChinaTradeWar
BREAKING: China Just Bypassed SWIFT — and the U.S. Dollar
In a historic move, the People’s Bank of China has launched a live, digital RMB-based international payment system — and it’s already making waves.
What’s new?
China’s new system now links:
• 10 ASEAN nations
• 6 Middle Eastern countries
• 38% of global trade
Why it matters:
• Completely bypasses SWIFT and the U.S. Dollar
• Payments clear in 7 seconds (vs. 3–5 days)
• Transaction fees slashed by 98%
Already happening:
• Thailand just settled oil in digital RMB
• ASEAN-RMB trade hit ¥5.8 trillion
• Middle Eastern energy giants are fully on board
While Washington debates digital currency policy, Beijing is executing a full-scale financial shift.
This isn’t just a tech upgrade — it’s financial warfare.
This is de-dollarization in action.
Welcome to the Digital Silk Road.
The question isn’t if the dollar loses dominance — it’s when.
#DigitalRMB #Fintech #GlobalTradeShift #ChinaVsDollar #DigitalSilkRoad
In a historic move, the People’s Bank of China has launched a live, digital RMB-based international payment system — and it’s already making waves.
What’s new?
China’s new system now links:
• 10 ASEAN nations
• 6 Middle Eastern countries
• 38% of global trade
Why it matters:
• Completely bypasses SWIFT and the U.S. Dollar
• Payments clear in 7 seconds (vs. 3–5 days)
• Transaction fees slashed by 98%
Already happening:
• Thailand just settled oil in digital RMB
• ASEAN-RMB trade hit ¥5.8 trillion
• Middle Eastern energy giants are fully on board
While Washington debates digital currency policy, Beijing is executing a full-scale financial shift.
This isn’t just a tech upgrade — it’s financial warfare.
This is de-dollarization in action.
Welcome to the Digital Silk Road.
The question isn’t if the dollar loses dominance — it’s when.
#DigitalRMB #Fintech #GlobalTradeShift #ChinaVsDollar #DigitalSilkRoad
Login to explore more contents