Feirre wrote a post · Feb 6, 2023 00:19

PBOC CBDC and supporting Baba Ants Alipay and WeChat is benefitting huge growth revenue going forward

Universal Digital Payments Network launched at Davos.
UDPN has been in development for the last two years with contributions from GFT, Red Date Technology, TOKO, and DLA Piper.

A sandbox was launched in July of 2022, where multiple banks were actively testing stablecoin transfer and FX transactions.

The network was launched at Davos with a panel discussing the rapidly evolving digital currency, interoperability, and infrastructure.

The panel included representatives from $Deutsche Bank(DB.US)$ , HSBC, Standard Chartered, $BANK OF E ASIA(00023.HK)$ , and Akbank.

$TENCENT(00700.HK)$ $Tencent(TCEHY.US)$ $BABA-SW(09988.HK)$ $Alibaba(BABA.US)$ $Hang Seng TECH Index(800700.HK)$ $China Concept Stocks(BK2517.US)$ $HSBC HOLDINGS(00005.HK)$ $HSBC Holdings(HSBC.US)$ $STANCHART(02888.HK)$

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Feirre

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