Learn how China’s game-changing central bank digital currency (CBDC) affects your business and how you can profit from China’s RMB going digital. Trading companies are already being asked by state-owned enterprises to take digital RMB payments for goods and services within the next year. China’s central bank digital currency (CBDC) will be a game-changer both in domestic and international markets. Learn how the digital RMB or as China refers to it, Digital Currency Electronic Payment (DCEP) will change the rules of payment and international trade.
Make no mistake about it. If you do business in or with China, you’ll need to have a policy for using the new CBDC in your business. It won’t be just about accepting or using CBDC for payment. You’ll need to be on the look-out for the emerging CBDC-based ecosystem that includes trade platforms that can speed customs and smooth imports and exports. China’s CBDC heralds not just a new way to pay but a new way to do business.