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China International Payment System - Cips

China's mega international payment system is ready, will launch this year - report:

The China International Payment System (CIPS) is due to kick off this year, bringing the yuan a step closer to becoming a global trading currency, as the new system will make payment transfers just as easy as in dollars and euro. Ref. Source 4

Cips System Payment International China

Surrounding nations might utilize this but I seriously doubt any western state doing that. These new come banks that are trying to beat down the US dollar will still have a very long way to go.

China International Payment System - Cips History & Civil Business Politics

Australia & Denmark defy US by applying to join China-led bank:

Australia and Denmark, despite previous American objections to the move, say they will join a new Beijing-backed investment bank that some in Washington say could supplant the US-dominated International Monetary Fund. Ref. Source 5

Cips System Payment International China

These countries probably were motivated to do so by either bribery or coercion. Either way, the USA can try to control anything but really they can't and the power of these countries are going to come full circle in the not to distant future.

Cips System Payment International China

China launches global yuan payment system:

China's Central Bank has started a global payment system which provides cross-border transactions in yuan. The China International Payment System (CIPS) intends to internationalize the yuan and challenge the US dollar's dominance. Ref. Source 7z