TechFlow news on November 25 — At the annual "Caijing" conference, Li Lihui, head of the Blockchain Task Force at the China Internet Finance Association, stated that digital RMB has two advantages over other existing payment tools: first, its authoritative administrative status; second, its technical advantage in escrow transactions. It can replace physical cash in circulation and will surely accelerate the move away from cash. However, whether it can replace Alipay, WeChat Pay, or bank cards to become the dominant electronic payment tool remains to be seen—it will ultimately be a matter of market choice. (Sina Finance)
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