CHINA LAUNCHES GLOBAL DIGITAL PAYMENT NETWORK BYPASSING SWIFT
The People’s Bank of China just connected its digital RMB to 10 ASEAN and 6 Middle Eastern nations, covering *38% of global trade*.
This bypasses SWIFT and the US dollar entirely. Payments now clear in 7 seconds, not 3-5 days. Fees slashed by 98%.
Middle Eastern energy traders are in. ASEAN’s RMB trade hit 5.8 trillion yuan. Thailand settled oil in digital RMB.
While the US debates if digital currency is a threat, China has already built a global network across 200 countries.
This isn’t just payments. It’s a Digital Silk Road. It’s de-dollarisation in action. And it’s happening NOW.
Elon is On it..I am sure
He got his start with Paypal
I bet he comes up with a Platform soon
This is important. It takes the place of the BRICS system that had the rug pulled out at the last minute by the BIS who sabotaged the BRICS system. Will accelerate the decline in share of US dollar based transactions.