A recent report from Global Times China, a state-directed media outfit, reveals that a number of Chinese cities participated in a campaign to promote the country’s Central Bank Digital Currency,...
Tag: eCNY
China gives away digital Yuan (e-CNY) worth million to boost adoption
Chinese cities have launched digital yuan (e-CNY) activities worth over $26.6 million (180 million yuan) to promote its adoption. During the Spring Festival, nearly 200 digital yuan activities were la...
Soochow Securities and Bank of China Launches E-CNY Payments
e-CNY payments were used to purchase wealth management services. Suzhou is one of the first four pilot cities to launch digital renminbi – China’s legal currency. Soochow seeks to expand the level of ...
Former PBoC Official Slams e-CNY as Being Underutilized
The Chinese government designed the e-CNY as a digital payment instrument that can serve as a substitute for the fiat yuan in regular day-to-day activities. Xie Ping, the former Director General of Re...
e-CNY pay function launched by Taobao and Alipay: Digital Yuan gets power.
Taobao and Alipay have launched platforms to allow usage of the Digital yuan. The “digital yuan services” bundle will be launched sequentially in the coming weeks and months. Alipay and WeChat pay c...
Chinese Central Bank Seeking Interconnectivity of e-CNY
People’s Bank of China (PBoC) consistently seems to make efforts to take crucial steps to make e-CNY more relevant and useful. Another such effort came recently when the bank proposed a regime to set ...
China commences the second phase of the pilot program for e-CNY
China has made yet another giant stride toward the virtual payment space. Emerging reports from local media reveal that the country has begun the second phase of the pilot program for its Central Bank...
China set to launch e-CNY payments for public transport
China is making significant progress with its plans for a central bank digital currency (CBDC). The e-CNY is currently available in several Chinese cities. It can be accessed easily by citizens lookin...
China begins next phase of CBDC testing with e-CNY payment for public transport
According to multiple sources, on Tuesday, China officially began rolling out the next round of its central bank digital currency (CBDC) pilot test program. In the city of Guanzhou, it is now possible...
Bank of China Introduces Latest e-CNY Smart Contract For Primary Students
The state-owned Bank of China on Tuesday announced a new program bridging primary school education with smart contracts, reported a local news outlet Sohu.com. Now, the residents of Chengdu, a Sichuan...
Bank of China unveils new e-CNY smart contract test program for school education
According to local news outlet Sohu.com, on Tuesday, the state-owned Bank of China announced a new program to bridge primary school education with smart contracts. In a combined partnership with local...
China Uses CBDC To Show Its Big Panda Paw With A Shenzhen e-CNY Lottery.
With another wave of the COVID-19 pandemic leading to new lockdown measures, the Chinese economy has witnessed a hit in recent months. Beijing has delivered the policy support. Now, the Chinese gover...
$30m e-CNY Airdropped in Shenzhen to Boost Consumer Spending
The use of China’s Central Bank Digital Currency (CBDC) is currently being boosted by the city of Shenzhen, according to reports that the authority has airdropped 30 million Digital Yuan (e-CNY) to it...
China to Airdrop $4.5 Million in e-CNY to Shenzhen Residents to Bolster Local Economy
The Chinese authorities will reportedly give away 30 million yuan ($4.5 million) in e-CNY to Shenzhen’s residents on Monday in a bid to boost its pandemic-hit economy. The latest endeavor has also sho...
New U.S. bill to block Google and Apple from hosting apps that accept eCNY
? Want to work with us? CryptoSlate is hiring for a handful of positions! The U.S. is looking to bar Google and Apple from supporting applications that allow payments in China’s digital yuan (eCNY). R...
Digital Yuan Ban: Senators Seek To Ban China’s E-CNY From US App Stores
Three Republican senators are pushing to prohibit portals from allowing apps that facilitate payments of China’s digital yuan out of concern that it could be used for espionage against American citize...
China: e-CNY final preparations underway ahead of Winter Olympics curtain lifter
China is nearing its e-CNY official debut when the Winter Olympics commences on 4 February, 2022. Latest before the debut In an announcement dated 19 January, the People’s Bank of China expanded on th...
China’s e-CNY wallet stands as one of the most downloaded apps
TL;DR Breakdown China’s e-CNY wallet is breaking records by attracting massive downloads days after launch. The increased wallet download has influenced the increase in digital yuan usage in the count...
Report: e-CNY app downloads skyrocket in China ahead of Winter Olympics
China’s e-CNY prototype, a centrally-backed digital currency, went live in select cities earlier this month. As the country is looking to officiate its CBDC during Winter Games, scheduled to take plac...
As China readies for world debut of e-CNY, could this country be its first remittance partner
If there’s one country that started off 2022 with a lot of energy and a packed calendar, it was none other than China. After all, as the Beijing Winter Olympics draw closer, so does the launch day of ...
China rolls out digital yuan wallet to foster further e-CNY adoption
China is actively pursuing its plans to launch a central bank digital currency (CBDC), with the latest development being the launch of a digital yuan wallet. A report unveiled this news on January 4, ...
China’s PBoC rolls out the pilot version of e-CNY wallet
China is leading among other nations with its central bank digital currency. Last year, the government of the nation introduced its first national digital currency, digital yuan. As the nation steps u...
Trial E-CNY Wallets for iOS and Android Launched by China’s Central Bank: Reuters
Yuri Molchan Chinese central bank has released DCEP wallets for both Android and iOS smartphones According to Reuters, PBOC (the Central Bank of China) has kicked off pilot versions of wallets for dig...