- cross-posted to:
- globalnews@lemmy.zip
- cross-posted to:
- globalnews@lemmy.zip
Transactions on a new China-led digital currency platform have surged to over $55 billion, a new report shows, the latest sign that efforts to build alternatives to dollar-dependent global payment systems are gaining traction.
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. … had now processed more than 4,000 cross-border transactions.
What kind of ‘surge’ is this?
The mBridge project was initiaaly intended as a system for the ‘BRICS currency,’ an idea that has now silently been abandoned as it seems. Wonder why China, Russia, Brazil, India, and South Arfica weren’t able to find an agreement on that. Maybe a lack of trust?