China’s Tech Giants Push For Digital Yuan Adoption
While many central bank executives in the West like Christine Lagarde and Jerome Powell seem to be postponing the subject of central bank digital currencies (CBDCs), China is making considerable ...
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Tag: digital Yuan
Ant Group Partners with PBoC to Develop Digital Yuan
Ant Group, an affiliate of Alibaba, has launched its partnership with PBoC to develop the digital yuan. The firm has been involved in the development of China’s CBDC since 2017. ...
Top China Banks Endorse Digital Yuan Over Local Payments Firms For Shopping Festival
Some of China’s biggest state banks are now actively promoting the digital yuan as a superior means of payment to the country’s two leading payment providers WeChat Pay and Alipay. ...
Digital Yuan Campaign Set For The South China Sea Contested Island
South China's Hainan Province operates and administers the prefectural Sansha City on a disputed archipelago located in the South China Sea. The Province is scheduled to run a 2-week campaign later in ...
China’s Blockchain Ambitions Included In National 5-Year Plan
China’s latest 5-year plan mentioned blockchain technology particularly and suggested that there is an increasing focus on the research of emerging technologies. China appears determined to stay ahead of the ...
Many Segments Of The Diem Puzzle Still Missing, Launch Is Delayed
Apart from getting approval from Swiss regulators, Diem might also face significant opposition from government regulators in most countries. In June 2019, Facebook released the in-depth details of the much-talked-about ...
Digital Currencies Will Gain Mass Adoption Soon – Jeremy Allaire
During the Singapore Fintech Festival, top executives from Circle, Facebook’s ‘Diem’ Association, Coinbase, and Soramitsu discussed when and how digital currencies will go mainstream. While speaking at this event, Circle ...
Hong Kong-Based Genesis Block Acquires OMG Network
The latest reports reveal that the second-layer Ethereum scaling solution OMG Network has been purchased by Hong Kong-based OTC trading firm, Genesis Block. Genesis Block Ventures revealed its plans to ...
China To Introduce Digital Yuan In Suzhou City
Suzhou City is set to become the next city to sample China’s digital yuan with the city administrators preparing to roll out central bank digital currency (CBDC) infrastructure in the ...
What is Central Bank Digital Currency?
The total number of nations exploring the concept of central bank digital currency (CBDC) is actively growing. Interestingly, the transformation journey for decentralized finance commenced way back more than a ...