2021-03-22
The Quantum Financial System - whatever that is - is reportedly being adopted by a Chinese Bank, the Huishang Bank.
The new system is seen as a way to avoid dependence on the dollar, and work around any associated restrictions imposed by US foreign policy.
It is also seen as bypassing "the great burden of state financing in the hands of the banking entities" and supporting the Chinese "Belt and Road" initiative of new infrastructure projects facilitating trade across the world.
How will this turn out? Too early to tell, but the wheels do now seem to be in motion.
