Fingerprint authentication technologies are coming to a new card-based digital wallet solution for the Digital Currency/Electronic Payment (DC/EP) according to an expanded collaboration between China's Chutian Dragon and IDEX Biometrics announced on Wednesday May 5. Chutian ...
Mastercard is talking with the People’s Bank of China (PBoC) as well as other central banks across the world to enable cross-border use of their respective digital currencies, the card payments giant’s co-president for Asia-Pacific, Ling Hai, has confirmed. In an interview with th...
The first edition of the PwC Global Central Bank Digital Currency (CBDC) Index has shown that The Bahamas and Cambodia are the two countries leading China in terms of their central banks’ level of maturity in deploying their own digital currency. Designed to monitor the ongoing...
JD Technology, the operator of the major JD.com e-commerce platform that has been working with the People’s Bank of China (PBoC) in the trial phases of the digital yuan, has announced expanding Digital Currency/Electronic Payment (DC/EP) application to payroll payment to some ...
There are indications that China’s being poised to be the number one major economy to issue a central bank digital currency is now a concern for the US government going by a Bloomberg report which says US officials are eager to know how the digital yuan would be distributed. Citing anony...
As China recently proposed global rules for how central bank digital currencies (CBDCs) should operate, the country has taken its digital yuan pilot programme for retail transactions to a cross border level by inviting Hong Kong residents to join in its latest testing in Shenzhen. The ...
To avoid intolerization, China has proposed some key cross-cutting values in making cross border payment arrangements with digital fiat currency or central bank digital currency (CBDC) possible. The CBDC or digital fiat currency, as supplied by a central bank, should support the health...
Two fuel trading companies in the Northeast China's Liaoning province city of Dalian have completed the country’s first B2B digital yuan transaction. According to local reports, the B2B payment settlement was completed on a shipping platform in which the buyer and seller were able to b...
China’s test of its digital currency electronic payment (DCEP) project continues in one of its major cities, and a much larger one than in Beijing earlier this month. The southwestern Chinese city of Chengdu announced on Tuesday that it will be distributing CNY40.2 million (about $6...
The Digital Currency Institute (DCI) of the People’s Bank of China (PBoC) has joined the second phase of a central bank digital currency (CBDC) project for cross-border payments that goes beyond Chinese territory, parties involved have stated. The Multiple Central Bank Di...
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