Progress in Project mBridge, the multilateral central bank digital currency platform, is giving a fresh boost to China’s push to expand cross-border use of the digital yuan as it moves closer to broader commercial adoption.
Among the latest developments, Industrial Bank launched mBridge payment services for cross-border transactions with Macau, with the lender saying it now supports mBridge settlements between the mainland and both Hong Kong and Macau.
The move builds on mBridge’s expansion to...
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