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Tag Archives: digital yuan

Digital Yuan Aims for USD, Needs to Win AliPay and WeChatPay First

Feb 19, 2021

Olusegun Ogundeji

There have been talks of China’s digital yuan or digital currency electronic payment (DCEP) project aiming to challenge the US dollar dominance on the world stage but a senior fellow at the Peterson Institute for International Economics has said that the digital currency would have to c...

Chinese State-Owned Bank Tests Digital Yuan ATMs In Shenzhen

Jan 13, 2021

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...

DC/EP: Huawei’s Newest Smartphones Come with Digital Yuan Wallet

Oct 31, 2020

Olusegun Ogundeji

Chinese technology giant has announced the latest release from its line, the much-anticipated Mate 40 series 5G smartphones, which come with a built-in wallet feature for digital yuan - the core of China's digital currency electronic payment (DC/EP) project. According to Yu Chengdong, ...

Chinese Digital Yuan is Testing Limited Anonymous Transaction

Oct 16, 2020

Vincent He

According to the latest report, DCEP, China’s digital yuan are testing the limited anonymous transaction as the pilot project initiated by Shenzhen’s municipal government has got off to a great start. “Limited anonymous transaction”, that is, the transaction record won’t display the me...