There's SWIFT, and now, the Remimbi CIPS. For all other use cases, there will always be Bitcoin.

China’s push to internationalise the renminbi has gathered pace amid the Iran war, with settlements on its Cross‑border Interbank Payment System (CIPS) hitting fresh records. Average daily transactions rose to a peak of Rmb920.5 billion (US$135.7 billion) in March, according to state media, briefly topping Rmb1.22 trillion in early April across nearly 42,000 deals before moderating.

Sanctions on Russia and Iran have pushed more commerce outside the dollar, with India among buyers turning to yuan for oil, according to market watchers.

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There's SWIFT, and now, the Remimbi CIPS. For all other use cases, there will always be Bitcoin.

> China’s push to internationalise the renminbi has gathered pace amid the Iran war, with settlements on its Cross‑border Interbank Payment System (CIPS) hitting fresh records. Average daily transactions rose to a peak of Rmb920.5 billion (US$135.7 billion) in March, according to state media, briefly topping Rmb1.22 trillion in early April across nearly 42,000 deals before moderating.

> Sanctions on Russia and Iran have pushed more commerce outside the dollar, with India among buyers turning to yuan for oil, according to market watchers.

https://njump.to/nevent1qqsdjlekl8t08ef8y4wcazs88xqet2kceyywsn0gl8dwzh4pk0tdlvqpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygppy0x83paz0f39xrsp6d84fr0vv3dd8s0sed63xlanhekhcf6dtypsgqqqqqqsxeazm8