Skip to content
Subscriber Only
Markets
Crypto

Digital Yuan Gives Banks an Edge in Payments, Moody’s Says

Hong Kong Dollar, Chinese Yuan and US Dollar Banknotes As Currency Peg Intervention From HKMA Continues Into Third Day
Photographer: Paul Yeung/Bloomberg
From

Follow @crypto Twitter for the latest news.

China’s digital yuan will help banks become more competitive in the payments sector after steadily losing out to popular technology platforms over the years, according to Moody’s Investors Service.