{"id":148151,"date":"2026-03-19T02:00:07","date_gmt":"2026-03-19T02:00:07","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=148151"},"modified":"2026-03-19T02:00:07","modified_gmt":"2026-03-19T02:00:07","slug":"how-china-opened-the-door-to-creating-a-direct-rival-to-us-payment-systems","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=148151","title":{"rendered":"How China opened the door to creating a direct rival to US payment systems"},"content":{"rendered":"<p>Source: China &#8211; South China Morning PostChina\u2019s recent changes to the rules governing its global payment system could pave the way for turning it into a genuine alternative to Western networks, according to a new report.<br \/>\nBeijing now appears to be moving towards building the Cross-border Interbank Payment System (CIPS) into a global platform compliant with multicurrency settlements and other foreign payment channels, said the study led by Ju Jiandong, a chair professor at Tsinghua University\u2019s PBC School of Finance.<br \/>\nBeijing recently&#8230;<a href=\"https:\/\/www.scmp.com\/economy\/china-economy\/article\/3347053\/how-china-opened-door-creating-direct-rival-us-payment-systems?utm_source=rss_feed\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: China &#8211; South China Morning PostChina\u2019s recent changes to the rules governing its global payment system could pave the way for turning it into a genuine alternative to Western&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/148151"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=148151"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/148151\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=148151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=148151"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=148151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}