Fintech giant Ant Group’s MYbank joins China’s digital yuan platform

Source: South China Morning PostMYbank, an online lender affiliated with financial technology giant Ant Group, has become the first internet bank to join China’s digital currency platform, in a move that strengthens support for Beijing’s rapid development of a “sovereign digital yuan”.The digital currency app developed by China’s central bank now has e-wallets – online services that let users make electronic transactions and store their payment data – set up by seven financial institutions, including the Industrial and…Read More

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