China's cryptocurrency can channel Alipay and WeChat Pay

Today, August 19, Cindy Wang, an analyst at DBS Group Research, indicates that Alipay and WeChat Pay account for nine out of ten transactions in China.

This is the response of China with the digital currency Libra from Facebook.

image source: https://www.carbonbrief.org/guest-post-closer-look-chinas-stalled-carbon-emissions

It should be noted that the currency of China does not intend to compete with the yuan.