FlyerTalk Forums - View Single Post - wechat（微信）
Thread: wechat（微信）
View Single Post
Old Jun 1, 2021 | 1:49 am
  #400  
moondog
A FlyerTalk Posting Legend
Community Builder
Community Influencer
All eyes on you!
25 Years on Site
 
Join Date: Dec 2000
Location: Shanghai
Posts: 46,507
Originally Posted by uanj
The digital yuan is PBOC's end run on alipay and wechat pay. The ultimate goal is to replace them so that control is retained by the same authority that oversees banks and all monetary flows. Two years ago analysts estimated monetary flow volume within Alipay and Wechat exceeded the banking system with near zero visibility into that ecosystem by the authorities. That is not going to be allowed to continue.
They are trying to kill crypto as well. I think these are lost causes, but time will tell.
moondog is offline  
Reply