Trump Issues Ban on Chinese Payment Apps

U.S. President Donald Trump has issued an executive get prohibiting transactions that use the popular Chinese payment app Alipay. Trump mentioned the “pace and pervasiveness” of Chinese technology presented a continuing threat to the U.S. nationwide protection, foreign plan, and overall economy.

“The United States should take aggressive motion versus those people who develop or command Chinese related computer software applications to defend our nationwide protection,” the executive get mentioned.

The get also bans transactions involving “persons that develop or control” the applications WeChat, QQ Wallet, SHAREit, CamScanner, Tencent QQ, VMate, and WPS Workplace.

The get can take result in forty five days. President-elect Joe Biden can take business on January 20. It is unclear how the Biden administration will interpret or implement the ban.

“The United States has assessed that a range of Chinese related computer software applications immediately capture large swathes of information from hundreds of thousands of

Read More