Bitcoin News / Bitcoin.com - 9 months ago
China’s central bank governor has revealed that transactions using the country’s central bank digital currency (CBDC) reached 1.8 trillion yuan ($250 billion) at the end of June. In addition, the People’s Bank of China (PBOC) official sta...
Cryptocoins News / The Cointelegraph - 9 months ago
The Civil Aviation Administration and China Merchants Bank said passengers can utilize the central bank digital currency to access new services via this platform. As t...
Bitcoin News / Bitcoinist - 9 months ago
China’s digital yuan has witnessed tremendous growth as the central bank ramps up its CBDC pilot in the last one-and-a-half year. According to the Chinese central bank governor, Yi Gang, within that period, the digital yuan has facilitated near...
Cryptocoins News / The Cointelegraph - 9 months ago
While the adoption and use cases of China’s central bank digital currency are expanding, the digital yuan still only represents 0.16% of China’s monetary supply. Nearl...
Bitcoin News / Bitcoin.com - 9 months ago
The state-owned financial institution Bank of China has revealed a partnership with China Unicom and China Telecom in order to test SIM cards and near-field communication (NFC) payments tethered to the renminbi. The Bank of China explains that the pi...
Cryptocoins News / The Cointelegraph - 9 months ago
The bank plans to enable users to make phone payments by integrating its digital yuan app with specialized “super SIM cards” with near-field communication capabilities....
Bitcoin News / Bitcoinist - 9 months ago
DBS, one of the leading banks in Asia, has become one of the first foreign banks in China to introduce a digital yuan merchant collection solution, enabling businesses to accept payments in China’s central bank digital currency (CBDC), the e-CN...
Cryptocoins News / The Cointelegraph - 9 months ago
Crypto-friendly bank DBS has conducted the first e-CNY transaction for corporate clients, involving a catering company in Shenzhen. Cryptocurrency-friendly bank DBS is...
Cryptocoins News / The Cointelegraph - 9 months ago
Crypto-friendly bank DBS has conducted the first e-CNY transaction for corporate clients, involving a catering company in Shenzhen. Cryptocurrency-friendly bank DBS is...
Bitcoin News / Bitcoin.com - 9 months ago
Jinan, the capital of the Chinese province of Shandong, has recently included the digital yuan as a means of payment for its public transportation system. According to local sources, digital yuan payments were implemented on July 1 in all city buses...
Bitcoin News / Bitcoinist - 9 months ago
Jinan, the bustling capital of Shandong Province in China, now accepts payments using the digital yuan and has already been tried on its major bus like the B52 and BRT5.
This marks a new dawn for China’s adoption of digital currencies in their...
Bitcoin News / Bitcoin.com - 10 months ago
The Shanghai Clearing House, Asia’s first counterparty clearing institution, announced support for payments made with the digital yuan Monday. According to reports, the move will allow companies to settle transactions for commodities in bulk, p...
Bitcoin News / Bitcoinist - 10 months ago
The Chinese central bank’s financial services clearing counterparty, the Shanghai Clearing House, launched digital yuan (a CBDC) clearing and settlement services on Monday, July 26.
According to a June 26 announcement, the latest services enab...
Cryptocoins News / Blockchain - 10 months ago
The Guangzhou Housing Provident Fund Management Center has successfully implemented the usage of the Chinese version of the Central Bank Digital Currency (CBDC), commonly known as the digital Yuan, for housing provident fund loans. (Read More)
Bitcoin News / Bitcoin.com - 11 months ago
The Chinese autonomous region of Guanxi, located in the south of China, will implement a wide adoption plan for the digital yuan, that includes a push for using it as a trade currency with countries part of the ASEAN bloc. This pilot plan looks to be...
Cryptocoins News / The Cointelegraph - 11 months ago
The partnership will enable BNP Paribas China’s corporate clients to make payments using the digital yuan through an e-CNY management system. The French bank BNP Parib...
Bitcoin News / Bitcoin.com - 1 year ago
Changshu, a city in China with more than 1.5 million inhabitants, will pay public workers’ wages with the Chinese central bank digital currency (CBDC), the digital yuan. The move marks an acceleration of the adoption plans that Beijing has for...
Cryptocoins News / Blockchain - 1 year ago
China is promoting the use of its digital yuan, also known as e-CNY, for cross-border trade in its Belt and Road initiative. The city of Xuzhou plans to allow the use of e-CNY to pay for services and storage charges for goods carried by cross-border...
Cryptocoins News / The Cointelegraph - 1 year ago
Personnel in public service, public institutions and state-owned units at all levels in the city will be compensated with the digital yuan. The Chinese city of Changsh...
Bitcoin News / Bitcoin.com - 1 year ago
Chinese social media platform Wechat has introduced support for the state-backed digital yuan in its popular payment app. Over a billion users will now ostensibly be able to take advantage of fast payments with the digital currency issued by the Peop...
Cryptocoins News / Blockchain - 1 year ago
WeChat has integrated the digital yuan into its payment services, allowing users to make payments through the platform. The move aims to increase the digital yuan’s appeal and follows a similar integration by Alipay. (Read More)
Bitcoin News / Bitcoinist - 1 year ago
WeChat, a popular app in China, has integrated the digital Yuan into the platform. The aim is to make payments faster and seamless for the app users. Apart from WeChat, another payment app in China, Alipay also supports the digital Yuan.
The increas...
Cryptocoins News / The Cointelegraph - 1 year ago
Chinese social media platform WeChat has incorporated the digital yuan in its payment app to boost the CBDC’s popularity. WeChat, China’s leading social networking and...