China’s ‘digital yuan’ will be intended solely for the payment of goods and services. Photo: Shutterstock

Asia’s central banks are ahead in the race to develop their own digital currencies, say experts, led by China, Hong Kong, Thailand

  • China is expected to be among the world’s first few central banks to roll out a sovereign digital currency to join the US$25.9 trillion e-payment market currently dominated by Alipay, WeChat Pay
  • Collaboration between Hong Kong and Thailand is expected to help companies save costs incurred in cross-border payments
Topic |   Digital currencies
China’s ‘digital yuan’ will be intended solely for the payment of goods and services. Photo: Shutterstock
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