Digital yuan could bust the United States – Asia Times

Historians still quibble about what event marked the end of the Roman Empire. Some future historians might choose Jan. 16, 2021 as the fatal moment for the American Empire. Thats when the Peoples Bank of China and SWIFT, the global system for international monetary transfers, set up a joint venture to promote the use of Chinas digital currency in cross-border payments.
Its early days, but the joint venture could denote the end of the dollars role as the dominant medium of international exchange,…

Click here to view the original article.