Digital yuan will work with WeChat and Alipay, says bank exec

Cointelegraph

Published Oct 26, 2020 07:19AM ET

Updated Oct 26, 2020 09:00AM ET

The forthcoming digital yuan will reportedly be compatible with major payment networks within the country.

Mu Changchun, the head of the People's Bank of China's digital currency research institute, said that the central bank-backed digital yuan will be compatible with major mobile payment wallets like WeChat Pay and Alipay.

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