China unveils plan to build a global payment network based on central bank digital currencies
![China's BSN global payment network ecosystem diagram based on central bank digital currencies](https://www.nfcw.com/wp-content/uploads/2021/01/bsn-blockchain-ecosystem-136x136.jpg)
China’s Blockchain-based Service Network (BSN) has revealed plans to develop a universal digital payments network (UDPN) based on standardised procedures for international transfers and payments with and between central bank digital currencies (CBDCs)... More