🚨China Launches Global Digital Payment Network Exceeding SWIFT
The People's Bank of China has recently linked its digital currency "Renminbi" with ten countries from the Association of Southeast Asian Nations (ASEAN) and six countries from the Middle East, covering 38% of global trade.
This completely surpasses SWIFT and the US dollar. Payments are now made in 7 seconds, instead of 3-5 days. Fees have decreased by 98%.
Energy traders from the Middle East are participating. ASEAN's trade in Renminbi reached 5.8 trillion yuan. Thailand paid for oil with digital Renminbi.
While the United States discusses whether digital currency poses a threat, China has already established a global network that includes 200 countries.
This is not just about payments; it is a digital liberation pathway. It is a process of de-dollarization. And it is happening now.
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