on March 10, 2015 in World News
China’s mega international payment system is ready, will launch this year – report
China’s mega international payment system is ready, will launch this year – report he China International Payment System (CIPS) is due to kick off this year, bringing the yuan a step closer to becoming a global trading currency, as the new system will make payment transfers just as easy as in dollars and euro. The launch is expected in September or October, depending on how tests go, a source told Reuters. Another person with direct knowledge of the matter said the goal is to start the first phase before December, Reuters reported. “The CIPS is ready now and China has… View Article
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