# Digital yuan conceived to counter Alipay-like platforms, says former PBoC executive
“# Digital yuan conceived to counter Alipay-like platforms, says former PBoC executive ” China’s digital yuan will utilize smart contracts, and will be built to counter Alipay-like payment platforms designed by the privately owned conglomerates, former People’s Bank of China director Yao Qian said. Speaking at the International Finance Forum in Beijing, Qian argued that…