[ad_1] China’s state-owned bank has announced a pilot launch to test the practicality of connecting SIM cards to digital yuan for offline payment functions. In a statement, the Bank of China confirmed…
Category: Digital Yuan
China Pushes Digital Yuan for Wage Payments in Changshu – News Bitcoin News
[ad_1] Changshu, a Chinese city of more than 1.5 million residents, will pay public workers’ salaries in China’s central bank’s digital currency (CBDC), the digital yuan. The move marks an acceleration of…
US Senator Ted Cruz tries again with new bill to block CBDC
[ad_1] Republican Senator Ted Cruz has introduced legislation to block the United States Federal Reserve from launching a “direct-to-consumer” central bank digital currency (CBDC). In a March 21 statement, Cruz said he…
Over 20 crypto firms plan to establish presence in the city: Hong Kong authorities
[ad_1] Hong Kong Treasury and Financial Services Secretary Christopher Hui said that more than 80 virtual asset-related businesses had expressed interest in establishing their presence in the city by the end of…
WeChat adds digital yuan to payment platform as People’s Bank of China pushes for wider adoption
[ad_1] Chinese platform WeChat has announced the inclusion of digital yuan on its payments platform. Central bank digital currency (CBDC) integration in WeChat Pay follows a similar move by its competitor Alipay…
Digital Real Pilot to Run on Ethereum-Compatible, Permissioned Blockchain – Finance Bitcoin News
[ad_1] According to the Central Bank of Brazil, the digital real pilot project will use an Ethereum-compatible blockchain and allow for the issuance of tokenized versions of the country’s currency. Hyperledger Besu,…
China’s Wechat Adds Support for Digital Yuan Payments – Fintech Bitcoin News
[ad_1] Chinese social media platform Wechat has introduced support for state-backed digital yuan in its popular payments app. More than one billion users can now ostensibly take advantage of the fast digital…
China’s WeChat Pay Integrates Digital Yuan for CBDC Adoption
[ad_1] WeChat has been integrated with the digital yuan app, enabling faster and more convenient payments with CBDC. CBDC’s integration with WeChat follows a similar move by Alipay. This integration enables faster…