China is winning the digital currency race. Can he reverse the dollar?

China is winning the digital currency race.  Can he reverse the dollar?

With most advanced stage testing of all other countries, the Chinese digital yuan is poised to have a major impact on China and the global economy.

Since the pandemic struck last year, China has made headlines by accelerating its efforts to become the first major power to implement a sovereign digital currency.

The digital yuan, under the national brand of digital currency / electronic payment project (DCEP), is not only intended to disrupt the well-developed country mobile payment industry and create new efficiencies in the Chinese economy, but could also challenge the supremacy …

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