Turrin, who wrote “Cashless: China’s Digital Currency Revolution,” said the shift will come as other nations make a concerted effort to become less reliant on the U.S. dollar. China’s larger plans for its digital currency are still unclear, but the nation’s development is well ahead of any other country right now.
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China’s Digital Yuan Will Challenge U.S. Trade Dominance: Fintech Expert
Author and fintech expert Richard Turrin has predicted China’s burgeoning digital Yuan could challenge the dollar’s domination of international trade. So reports Forbes.
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