China's central bank digital currency (CBDC), the digital yuan (e-CNY), has been used for economic stimulus purposes for the first time. Shenzhen, and Xiong’an New Area last week announced the distribution of free e-CNY red envelopes which represent monetary gifts for residents to us...
Following the success of previous trials of the upcoming digital yuan payment system, the city of Shenzhen has launched another major pilot program aimed at utilizing the central bank digital currency. According to the latest report from Chain News, China’s prime source of blockchain-related ...
The Agricultural Bank of China has rolled out “digital yuan-enabled” Automatic Teller Machines (ATMs) in some of its branches across the city of Shenzhen. This move is part of the innovations that have been added to the ongoing test of China’s digital yuan project in Shenzhen. T...
China has continued with the process of testing its Central Bank Digital Currency (CBDC), otherwise known as Digital Currency Electronic Payment (DCEP). This time, the real-life test has returned to the city of Shenzhen where a similar test was carried out in the last quarter of 2...
After news about new digital yuan pilot projects was reported earlier this week, another major update on the current state of China’s digital national currency was revealed. This time, the update came from Shenzhen, where the local government issued an official comment on the current state and ...
Chinese tech city Shenzhen took the lead in launching the blockchain-based voting system for P2P lending withdrawal in the first half of this year. So far, the system has been applied for 27 online lending institutions in the city, serving more than 390000 lenders, covering more than 21.4 billi...
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