Efforts to build alternatives to dollar-dependent global payment systems are gaining traction – Reuters
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Data crunched by the Washington-based Atlantic Council showed the prototype ‘mBridge’ (China-led digital currency platform), which is being tested by central banks in China, Hong Kong, Thailand, the United Arab Emirates and Saudi Arabia, had now processed more than 4,000 cross-border transactions, according to Reuters. The cumulative $55.5 billion value of those payments represents a […]
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