Beidou2020
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Oh fantastic.
China going step by step. For now, CIPS will use SWIFT for messaging until it’s ready to do messaging independently of SWIFT. First priority of CIPS is clearing and settlement for yuan. Once that core is fully developed, CIPS will begin the process of developing the messaging system. CIPS will eventually be a hybrid system if US sanctions are put on China’s access to SWIFT.
https://www.canada.ca/en/security-i...itecture-as-a-tool-for-strategic-rivalry.html