A director of the technical department of a bank in China’s Suzhou revealed that the current digital currency application in Shenzhen and Suzhou is mainly concentrated in small-scale scenarios such as retailing, public transportation card recharge, catering. The application scenarios for C...
China’s digital currency is currently undergoing extensive tests in preparation for the Beijing Winter Olympics scheduled for next year, the 21st Century Business Herald reported. While the digital yuan has initiated state-wide efforts to ramp up blockchain development, testing concrete pro...
The long-anticipated digital yuan will be piloted in more cities across the country, announced China’s commerce ministry on Friday August 14. The pilot cities announced this time are no longer limited to several heavyweight cities previously reported but with a large number of places incl...
The latest news coming out of Chine confirm that not only has the country gone a long way ahead in its central bank digital currency development but that it has already begun conducting extensive tests on the everyday use of the upcoming digital yuan. According to a local report, several large...
Firms that are timely prepared for the rollout of China’s digital currency electronic payment (DC/EP) project stand to benefit in about five ways from the effect it will have on the global economy, two authors have shared on the London School of Economic Business Review blog page. Jem...
The governments of China and the U.S. frame digital currency as part of their great-power competition, but instead they should work on this technology together. Today, the relationship between China and the United States is one of escalating competition. On Oct. 23, 2019, Faceb...
It seems that the talk about China’s central bank digital currency (DCEP) is beginning to heat up. The project has taken off from a theoretical plan to practical execution in just a few months, putting China at the head of the race to launch a digital national currency. Aside from givin...
While most of the world is still focused on getting central ban digital currencies off the ground, some of the most influential voices in China are already thinking about what the next step in the blockchainification of the country will be. Aside from the intensive efforts being done in China on...
In this past week, China’s CBDC was seen a step closer to real use case as it announced to partner with the country’s largest taxi hailing service provider; blockchain fever in the country continues with over 45,000 blockchain companies registered with local regulator; Canaan may be going t...
Didi Chuxing, China’s largest and world's second-largest taxi hailing service provider, has partnered with the country’s central bank to jointly study and explore the application of digital yuan in the field of smart travel. The ride-hailing juggernaut announced July 8 that the company ha...
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