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Category Archives: Blockchain

Dual Offline Wallet for China’s CBDC is Ready for Test

Oct 23, 2020

Vincent He

“The "dual offline" wallet has been fully developed and having friendly user experience. The wallet is expected to be applied in the follow-up pilot” Said Changchun Mu, the director of the Chinese Institute of CBDC, the public's enthusiasm in participating in the digital yuan pilot pro...

US Not in Race With China to Issue CBDC

Oct 20, 2020

Olusegun Ogundeji

The U.S. has made its stance clear on the country's intention regarding the issuance of a central bank digital currency (CBDC): the world's largest economy is not in a race to issue a digital version of the U.S. dollar and will do it when deemed appropriate. The clarity was presented by th...

China to Gain More from Blockchain Over Ten Years – PwC

Oct 14, 2020

Olusegun Ogundeji

China's embrace of innovation as well as its own central bank issued digital currency, the Digital Currency Electronic Payment (DC/EP), will see the Asian giant reap a US$440 bln reward over the next decade with an estimated 11.4 million jobs enhanced, PwC economists have forecasted. ...