Computer Science
4 years ago

China's Digital Currency Dominance Shaking Up International Business Landscape.

SSRN Electronic Journal
China’s Digital Currency Revolution and Implications for International Business Strategy
Jemma Xu, Dan Prud’homme

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China is leading the way in the digital currency revolution with its sovereign digital currency called DCEP. This new system is managed by China's central bank and is set to have a big impact on international business. Private firms like Facebook's Libra are unlikely to dominate the digital currency trade. The DCEP system, recorded on a blockchain ledger, is taking the lead in this space.