alialsawy
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Global financial earthquake from China 🇨🇳
#China opens a new era of fast payments (only 7 seconds) and digital monetary sovereignty.
China has suddenly announced the linking of the digital yuan system with 16 countries in Asia and the Middle East, bypassing the American SWIFT system.
Here are the top 10 facts that will change the face of the global economy:
1. China linked the digital yuan system with 10 ASEAN countries and 6 countries in the Middle East, covering 38% of global trade, outside the SWIFT umbrella.
2. Settlement time has decreased from 3-5 days to just 7 seconds using blockchain technology.
3. Transfer fees decreased by 98% in the first trial between Hong Kong and Abu Dhabi.
4. The digital yuan bypasses intermediary banks and relies on a Distributed Ledger, enhancing efficiency and transparency.
5. Embedded blockchain technology automatically enforces anti-money laundering measures, which concerns the West.
6. The "Two Countries, Two Parks" project between China and Indonesia executed its first cross-border transaction in 8 seconds.
7. Settlement costs in the energy sector decreased by 75% in the Middle East.
8. 5.8 trillion yuan in settlements with ASEAN countries in 2024, a 120% increase from 2021.
9. The digital yuan is actively used in Belt and Road Initiative projects, railways, and quantum communications.
10. 87% of the world's countries have adapted to the digital yuan, and the Chinese payment network now covers 200 countries.
#ChinaEconomy
#China opens a new era of fast payments (only 7 seconds) and digital monetary sovereignty.
China has suddenly announced the linking of the digital yuan system with 16 countries in Asia and the Middle East, bypassing the American SWIFT system.
Here are the top 10 facts that will change the face of the global economy:
1. China linked the digital yuan system with 10 ASEAN countries and 6 countries in the Middle East, covering 38% of global trade, outside the SWIFT umbrella.
2. Settlement time has decreased from 3-5 days to just 7 seconds using blockchain technology.
3. Transfer fees decreased by 98% in the first trial between Hong Kong and Abu Dhabi.
4. The digital yuan bypasses intermediary banks and relies on a Distributed Ledger, enhancing efficiency and transparency.
5. Embedded blockchain technology automatically enforces anti-money laundering measures, which concerns the West.
6. The "Two Countries, Two Parks" project between China and Indonesia executed its first cross-border transaction in 8 seconds.
7. Settlement costs in the energy sector decreased by 75% in the Middle East.
8. 5.8 trillion yuan in settlements with ASEAN countries in 2024, a 120% increase from 2021.
9. The digital yuan is actively used in Belt and Road Initiative projects, railways, and quantum communications.
10. 87% of the world's countries have adapted to the digital yuan, and the Chinese payment network now covers 200 countries.
#ChinaEconomy
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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