Thank you to Timmy Shen from Forkast.news!
China’s e-CNY pilot to boost Hong Kong as offshore yuan trading center
“The link between the e-CNY and HK’s FPS system provides our first example of how the e-CNY can be used to link retail payment systems,” Richard Turrin, a Shanghai-based fintech consultant who recently published “Cashless: China’s Digital Currency Revolution,” told Forkast.
Turrin said the e-CNY linkage with the FPS would be a “major benefit to small and midsize enterprises within the region,” as e-commerce sites, retailers and restaurants wouldn’t have to change much for accepting and converting e-CNY payments.
