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Digital yuan will work with WeChat and Alipay, says bank exec

On Oct 26, 2020
@Cointelegraph shared
China's #CBDC will not compete with WeChat Pay and @Alipay but will work with them, said an official https://t.co/czziMBeWAr
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Details regarding the digital yuan's characteristics are taking shape.

cointelegraph.com
On Oct 26, 2020
@Cointelegraph shared
China's #CBDC will not compete with WeChat Pay and @Alipay but will work with them, said an official https://t.co/czziMBeWAr
Open

Digital yuan will work with WeChat and Alipay, says bank exec

Digital yuan will work with WeChat and Alipay, says bank exec

Details regarding the digital yuan's characteristics are taking shape.

Didi is planning to test a pilot version of China's digital currency

Didi is planning to test a pilot version of China's digital currency

Didi plans to test a pilot version of China's digital currency as part of a partnership with the central bank's Digital Currency Research Institute.

Digital yuan test joined by US giants

Digital yuan test joined by US giants

McDonald’s, Subway and Starbucks will take part alongside 16 local businesses

China Will ‘Undoubtedly’ Pursue Digital Yuan, Central Bank Says

China Will ‘Undoubtedly’ Pursue Digital Yuan, Central Bank Says

The People’s Bank of China has sent one of its strongest signals yet of a commitment to creating a digital national currency.

China Central Bank Crypto Can Cannabalize Alipay, WeChat Pay — Analyst

China Central Bank Crypto Can Cannabalize Alipay, WeChat Pay — Analyst

Beijing’s state-issued offering might also help keep funds flowing into bank deposits, mainstream media reports.

Chinese official voices digital coin plans

Chinese official voices digital coin plans

More details have emerged around China's plans to issue its own digital coin following a lecture given by a senior official at the central bank.

China’s Central Bank Says Digital Currency Plans Are Progressing

China’s Central Bank Says Digital Currency Plans Are Progressing

The People's Bank of China (PBOC) — China's central bank says it is making progress with the country's proposed digital currency project

China's digital currency app looks like Alipay and WeChat Pay

China's digital currency app looks like Alipay and WeChat Pay

A screenshot of the app circulating online likely isn't the final version of the digital currency, which is expected to be tightly controlled instead of decentralized like bitcoin

China’s Central Bank Transacts $160 Million in Digital Yuan

China’s Central Bank Transacts $160 Million in Digital Yuan

The People’s Bank of China has already transferred 1.1 billion digital yuan as part of the CBDC pilot, says the bank’s deputy governor.

4 Reasons Why China’s Central Bank is Launching a Digital Currency

4 Reasons Why China’s Central Bank is Launching a Digital Currency

China Digital Currency: The People’s Bank of China (PBOC) will soon be launching the China's digital currency. Here are four reasons why PBOC is rushing to get the digital yuan up and ...

84 PBOC Digital Currency Patents Show the Extent of China's Digital Yuan

84 PBOC Digital Currency Patents Show the Extent of China's Digital Yuan

The People's Bank of China (PBOC) has reportedly filed 84 patents relating to its plans to launch a digital currency. The patents reveal the central bank's plans which include integrating ...

84 PBOC Digital Currency Patents Show the Extent of China’s Digital Yuan

84 PBOC Digital Currency Patents Show the Extent of China’s Digital Yuan

The People’s Bank of China (PBOC) has reportedly filed 84 patents relating to its plans to launch a digital currency. The patents reveal the central bank’s plans which include integrating ...

Bankers are already preparing for a world without cash

Bankers are already preparing for a world without cash

China spent nearly $13 trillion in mobile transactions in just 10 months last year.

Shenzhen residents embrace digital currency

Shenzhen residents embrace digital currency

The People's Bank of China is expected to officially launch its digital currency later this year.

China's sovereign digital currency plans must be globally compatible to internationalise the yuan, analysts say

China's sovereign digital currency plans must be globally compatible to internationalise the yuan, analysts say

China is set to expand the testing of its new sovereign digital currency later this year or in early 2021, but analysts say the design of its technological platform needs to be made ...

For China, Digital Yuan Sprinting Toward Olympics?

For China, Digital Yuan Sprinting Toward Olympics?

In further evidence that China is pushing its CBDC efforts, the PBOC is reportedly seeking to make digital currency available at the 2022 Winter Olympics.

Crypto Markets Braced As China's Long-Awaited Bitcoin Rival 'Almost' Here

Crypto Markets Braced As China's Long-Awaited Bitcoin Rival 'Almost' Here

Bitcoin's release a little over ten yeas ago was a relatively small event that's had huge ramifications, with some of the world's biggest companies and countries getting into ...

China Readies State-Controlled Digital Currency

China Readies State-Controlled Digital Currency

News Analysis As much as Beijing heaves vitriol on cryptocurrencies—having banned all exchanges, issuers, and miners—it has no ...

US-China Trade War And Its Effect On Cryptocurrencies

US-China Trade War And Its Effect On Cryptocurrencies

The People’s Bank of China (PBoC), the country’s central bank, has announced that it is planning to launch a central bank digital currency (CBDC), inspired in part by ...