"If you want to see the future of fintech, just go to China," said Edith Yeung, managing partner of Proof of Capital, a blockchain-focused investment firm at a breakfast roundtable Fortune hosted at its inaugural Brainstorm Finance conference earlier this year.
She cited Alibaba-spinoff Ant Financial and Tencent's WeChat as paragons of digital banking and payments.
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![A Chinese flag flies in front of the People's Bank of China headquarters in Beijing, China. On Monday, the central bank said it is "almost ready" to release a digital currency that has been five years in development. Giulia Marchi—Bloomberg via Getty Images A Chinese flag flies in front of the People's Bank of China headquarters in Beijing, China. On Monday, the central bank said it is "almost ready" to release a digital currency that has been five years in development. Giulia Marchi—Bloomberg via Getty Images](/sme-d8/dev/sites/default/files/styles/large/public/GettyImages-1078405204.jpg?itok=fp_8QzAO)