The notion: digital advantages can compete with the traditional advantages of cross-border payments

Chang Hwan-bo, deputy director of the American-European Institute of the China Center for International Economic Exchange, and Lipang, research assistant, said in a Life Today article that digital currency has grown rapidly in recent years. years. For many years, the digital advantages may outweigh the traditional advantages of cross-border payments. In particular, there is an urgent need to strengthen the international yuan trade and increase the international impact of the yuan. The article says that digital advantages have improved the speed of cross-border trade, and there is a need to improve the circulation of RMB and the status of RMB by promoting the use of RMB in cross-border payments. international payment.