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A major bank quietly opened up a wallet service for China’s central bank digital currency to public users – but quickly disabled it after the feature gained widespread attention. Around noon on Saturday local time, users of China Construction Bank (CCB), one of the big-four state-owned commercial banks, started to notice that
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China is set to expand its digital yuan testing to Beijing, Tianjin, and other acclaimed prosperous provinces in the country. No timeline has been set for this move.According to the Wall Street Journal report released on August 14, Asian economic and tech giant China will be extending its Proof of
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Despite the global economic crisis and the consequences of the coronavirus pandemic, the development of the Chinese national cryptocurrency, the Digital Currency Electronic Payment, is steadily progressing. The increase in the number of large companies joining the digital yuan initiative as partners in testing and implementing the technology is clear
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PBoC confirmed it will be testing a mobile application for storing and exchanging the digital yuan, after screenshots circulated on social media. Internal tests will be done in Shenzhen, Suzhou, Xiong’An, and ChengduThe People’s Bank of China (PBoC) said it is intending to add the Tencent-backed food delivery giant Meituan
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China will trial its digital yuan with a mega food retailer, U.S. bills are seriously threatening online privacy and an a16z alum is launching a venture firm focused on distributed tech. Here’s the story: Trial PlanChina wants to trial its digital yuan with online food seller Meituan-Dianping as well as another two Tencent-backed companies. The
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The People’s Bank of China (PBoC) is planning to add the Tencent-backed food delivery giant Meituan Dianping to its list of platforms that will test real-world use cases of the digital yuan.Meituan Dianping is a Beijing-based food delivery platform that currently boasts of more than 435 million active users and
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The Chinese equivalent of Uber will pilot the nation’s digital yuan, a major Ethereum alliance is moving to support DeFi as Nexo gets ready to enter the prime brokerage space with help from Chainlink. Here’s the story: FOMOTikTok videos and a fomenting sense of FOMO have driven trading volumes of dogecoin
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Japanese crypto firm FXCoin’s senior strategist thinks a depreciation of the Chinese yuan may lead more traders to Bitcoin in 2020. FXCoin’s Yasuo Matsuda spoke to Cryptox Japan, saying Bitcoin (BTC) would likely be more popular among Chinese nationals facing economic sanctions due to national security laws as part of the
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The People’s Bank of China has revealed plans to have its sovereign digital currency ready in time for the 2022 Winter Olympics. The announcement comes as the Covid-19 pandemic has accelerated a shift away from paper money. Limited trials are already underway in Shenzhen, Suzhou, Chengdu and the Xiongan New Area
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