China plans to unveil e-PayBridge system

China plans to launch the «E-M Bridge» commercial platform for digital invoices, based on blockchain technology, with the aim of reshaping the cross-border payment system, reducing reliance on the US dollar, and supporting the use of the digital yuan. The platform seeks to lower transaction fees and cut transfer times to seconds, while promoting the internationalization of the national currency and competing with regional and global payment systems, as part of China's efforts to expand its financial influence internationally.

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