Chinese Banks Prioritize Digital Yuan
Top Chinese banks are prioritizing the digital Yuan over local payment platforms such as WeChat Pay and Alipay. The banks are doing this ahead of the online shopping festival in China starting today. In an analysis report by Reuters, six of
China Ranks Third in Development of CBDC
Mainland China has ranked third after Bahamas and Cambodia on the development of Central Bank Digital Currencies (CBDC). This comes at a time when central banks are looking to digital currencies to transform their economies. Mainland China has come in third
Chinese Residents Benefit From Digital Yuan P2P Test
Although China may not be disposed to completely accepting Bitcoin and cryptocurrencies, the country’s position on its digital Yuan is no longer news. In August we reported about completed testing of the Digital Yuan. In the latest development, China will now