Bitcoin News / Google News Bitcoin - 8 months ago
China Wants the Digital Yuan to Be Ubiquitous in Retail Payments ... - Bitcoin.com News
China Wants the Digital Yuan to Be Ubiquitous in Retail Payments ...& & Bitcoin.com News
Bitcoin News / Google News Bitcoin - 8 months ago
China Wants the Digital Yuan to Be Ubiquitous in Retail Payments ...& & Bitcoin.com News
Bitcoin News / Bitcoin.com - 8 months ago
China is pushing for universal national adoption of the digital yuan, with People’s Bank of China’s (PBOC) officials stating the currency should be available for all retail payment scenarios. The recent introduction of a standard for QR-b...
Bitcoin News / Bitcoin.com - 8 months ago
JPMorgan has provided an analysis of the risks of de-dollarization and the potential for the Chinese yuan to displace the U.S. dollar as the world’s reserve currency. The global investment bank says the renminbi could assume “some of the current func...
Cryptocoins News / The Cointelegraph - 8 months ago
In the short term, e-commerce platforms can integrate the CBDC through QR codes. While China’s central bank digital currency (CBDC), the digital yaun, goes through te...
Bitcoin News / Bitcoin.com - 8 months ago
The share of currencies other than the U.S. dollar and the euro in international reserves is on the rise, according to a Russian representative. The trend is being observed as a growing number of countries try to use their national currencies in fore...
Bitcoin News / Bitcoin.com - 8 months ago
A global macro strategist has explained that the Chinese yuan is unlikely to replace the U.S. dollar as the global reserve currency. She emphasized that the “weaponization” of the USD is one of the top reasons why Russia, China, and other...
Bitcoin News / Bitcoin.com - 8 months ago
Several lawmakers have expressed concerns about the privacy risks of the Federal Reserve issuing a central bank digital currency (CBDC). “Americans have a right to financial privacy,” one congressman said, emphasizing: “We do not need a C...
Bitcoin News / Bitcoin.com - 8 months ago
The government of Brazil has formally presented a proposal to Argentina to settle bilateral trade transactions in the Chinese yuan. The proposal, which would leverage resources in the Chinese credit swap line, aims to maintain trade between the count...
Bitcoin News / Bitcoin.com - 8 months ago
An economist has dismissed the Chinese yuan as a significant threat to the U.S. dollar’s dominance. “The Chinese renminbi, which accounts for less than 3% of global reserves, is not a serious threat to dollar hegemony,” he asserted,...
Bitcoin News / Bitcoin.com - 8 months ago
A market analyst says that the recent decline and volatility in the Chinese yuan, the Russian ruble, and to a lesser extent the Argentine peso, “will only add further challenges to the idea of de-dollarization.” He stressed that countries are “unable...
More / Bitcoin Reddit - 8 months ago
submitted by /u/bitsteiner [link] [comments]
Bitcoin News / Bitcoin.com - 8 months ago
The Mbridge project, a central bank digital currency (CBDC) international payment system, is starting to worry observers. Such a system, when completed, could ostensibly allow the digital yuan to reach more countries in trade settlements, chipping aw...
Bitcoin News / Bitcoin.com - 9 months ago
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue, Argentina is likely to settle part of a payment to the International Monetary Fund (IMF) using the Chinese yu...
Bitcoin News / Bitcoin.com - 9 months ago
Economy Minister Marcelo Montenegro acknowledged that the Bolivian Central Bank is harnessing the Chinese yuan in its commercial settlements. The switch to using the Chinese currency has to do with the dollar scarcity that the country is facing, havi...
Bitcoin News / Bitcoin.com - 9 months ago
A former central banker has explained that three conditions must be met for the Chinese yuan to become a currency on par with the U.S. dollar and the euro. Noting that the yuan is already the third-largest international currency after the USD and the...
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 / Bitcoin.com - 9 months ago
Importers are accusing the Central Bank of Argentina of stalling on the delivery of dollar-based payments under the pretext of high freight costs. According to importers, the Argentine government considers freight costs exceeding 15% of the value of...
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
Nobel Prize-winning economist Paul Krugman says the U.S. dollar’s dominance “won’t last forever.” While recognizing the global de-dollarization trend, he expressed skepticism about the Chinese yuan’s ability to replace t...
Bitcoin News / Bitcoin.com - 9 months ago
The Central Bank of Argentina has accelerated the sale of its Chinese yuan stash, using part of the swap line provided by the government of China while it tries to acquire dollars simultaneously. According to local sources, the country’s reserv...
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 / Google News Bitcoin - 9 months ago
Bitcoin Dethroned? Circle CEO Says Stablecoins Will Fast-Track Yuan Globalization Efforts& & Benzinga