China Advances Digital Currency for Cross-Border Payments to Boost E-Commerce Growth
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Digital Currency Strategic Expansion: The People's Bank of China, along with eight departments, has released new guidelines aimed at exploring international cooperation in digital currency cross-border payments, which is expected to enhance financial connectivity across Asia, particularly with Thailand, Singapore, and Saudi Arabia.
- E-Commerce Potential Unleashed: The new policy is set to promote the use of the digital renminbi in cross-border transactions, facilitating seamless transactions with Thailand and the UAE, potentially creating significant market opportunities for e-commerce and digital trading platforms.
- Financial Integration Goals: By advancing the use of digital currencies, the People's Bank of China aims to achieve regional collaboration, especially along the New Land-Sea Corridor, thereby enhancing the vitality of the digital economy.
- International Influence Enhancement: Experts note that this policy could set new standards for international digital finance, significantly influencing global trade dynamics and reflecting China's ambitions in the international financial arena.
About the author

Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.







