✍️🌍✈️🌹China has launched a revolution in the world of digital payments and ushered in a new era of speed and monetary sovereignty, allowing transfers to be completed in just 7 seconds!

♦In a surprising move, China announced the linking of the digital yuan with 16 Asian and Arab countries, surpassing the traditional American SWIFT system.

10 facts that shake the foundations of the global economy:

1. China links its digital system with 10 countries in Asia and 6 from the Middle East, covering 38% of global trade outside of SWIFT.

2. Settlement time has decreased from 3-5 days to just 7 seconds thanks to blockchain technologies.

3. Fees have been reduced by 98% in the first experiment between Hong Kong and Abu Dhabi.

4. The digital yuan operates without intermediaries, relying on a distributed ledger technology (DLT), which increases transparency and efficiency.

5. The system imposes automatic anti-money laundering measures, raising concerns in the West.

6. The first cross-border transaction was completed in 8 seconds between China and Indonesia as part of the "Two Countries, Two Parks" project.

7. A 75% reduction in settlement costs in the energy sector in the Middle East.

8. 5.8 trillion yuan is the settlement volume with ASEAN in 2024 – an increase of 120% compared to 2021.

9. The digital yuan is actively used in Belt and Road projects, railways, and quantum communications.

10. 87% of the world's countries have started to adapt to the new system, and the Chinese payment network covers 200 countries.

More details. http://pi-eco.blogspot.com