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With the digital yuan backed by blockchain technology, China would be able to track and verify every single transaction. The app would be used as a digital wallet to pay and receive money. The country has recently launched another pilot of the Reminbi app in Shenzen. The maker of top Chinese payment app Alipay will terminate its institutional book building in Hong Kong early, signaling demand is in fact strong enough to reach the expected result. Source: Reuters, BBC 0 1 12 hours ago Le monde de demain Que pensez vous de ces nouvelles technologies? We try to make the RMB payment very fast and at good rates too. It would allow China to compete against other digital currencies such as Libra and be less dependent on the US dollar. Three Chinese companies are already among the current top 5, while the first U. Proud to be part of this extraordinary group of folks!{/INSERTKEYS}{/PARAGRAPH} Quicker, safer, better rates with eRemit Singapore! The digital yuan would be a centralised currency to replace all notes and coins. {PARAGRAPH}{INSERTKEYS}Sending money back to China made easier now with Alipay payment option! rmbpayment chinaagent alipay alipaypayment 5 0 14 hours ago Visual Memory Lane to celebrate the major milestones along the way and to welcome the upcoming ones! The Ant Financial IPO would see another Chinese company added to the list of the biggest IPOs ever. Contact us for RMB payment to chinese suppliers.