TL;DR Breakdown The People’s Bank of China is trying out its own central bank digital currency, called Digital Yuan. China’s digital currency aims to boost transactional efficiency and cashless paymen...
Tag: Yuan
China’s digital yuan notches $8.3 billion transactions in half a year
A sign for China’s digital currency, the electronic Chinese yuan (e-CNY) is displayed at a shopping mall in Shanghai on March 8, 2021. STR | AFP | Getty Images BEIJING — In a country where consu...
Chinese yuan under pressure from medium-term loans cut: Strategist
Banknotes of Renminbi arranged for photography on July 3 2018 in Hong Kong. S3studio | Getty Images News | Getty Images China’s central bank unexpectedly cut loan rates on Monday — a move that w...
China’s Unicom will accept digital yuan payment for phone bills
China’s No. 3 telecoms operator has begun taking digital yuan payment for phone bills on its app, the latest big company to support the country’s budding central bank digital currency (CBDC) efforts. ...
The digital Yuan wallet among the most downloaded apps
The e-CNY (Digital Yuan) wallet tops the download charts in the Apple and Xiaomi app stores. Record downloads for digital yuan wallet This was reported by China’s South China Morning Post, which reve...
Digital Yuan Wallet Ranks Among Most Downloaded Apps in China – Bitcoin News
The new wallet of China’s state-issued digital currency has quickly become one of the most downloaded applications in the country, within days of its launch. Its use and integration with other apps ha...
China Rolling Out Digital Yuan for Winter Olympics
The rollout of digital yuan during the approaching Winter Olympics in Beijing will enable foreign athletes and spectators to use the digital currency for the first time. Visitors will be able to downl...
China’s leading messaging app, WeChat to accept digital yuan settlements
WeChat Pay, the leading messaging platform in China, will start accepting digital yuan payments. This is expected to push the adoption of the e-CNY, given that the messaging app has over one billion u...
Messaging App Giant WeChat to Support Digital Yuan Payments (Report)
China’s leading messaging application – WeChat Pay – will reportedly begin supporting the e-CNY. The app has more than one billion users, meaning the initiative could significantly boost the distribut...
WeChat Offers Digital Yuan Payments Ahead of Beijing Winter Games
WeChat has become compatible with payments using the digital yuan ahead of the Beijing Winter Olympics, owner Tencent Holdings said. The move by Tencent comes at a time when the Chinese government pla...
China’s largest messaging and payment app WeChat to integrate Digital Yuan
WeChat, China’s largest social messaging and payment app that boasts of over a billion users is all set to integrate the digital yuan payment option on its platform. In China, there is a common trend ...
China eyeing Digital Yuan launch in 2022
TL;DR Breakdown China may be eyeing to launch digital yuan in 2022. China integrates PBOC to payment platform, WeChat. China has integrated its digital currency Digital Yuan to online payment and chat...
WeChat Pay announces support for China’s digital yuan
Tencent Holdings’ WeChat App, the largest messaging app in China and one of the most popular payments in the country, has started supporting China’s central bank digital currency (CBDC). A report unve...
WeChat Introducing Digital Yuan Support
WeChat will reportedly begin offering support for China’s central bank digital currency (CBDC), the digital yuan. Owned by Tencent, China’s largest messaging app, with over 1 billion users, is also am...
Digital Yuan Wallet App Is Now Available On Android And iOS
In a significant push to the development of its Central Bank Digital Currency, China’s Central bank has launched a pilot version of its wallet app, which it hopes will promote the use of the digital Y...
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, ...
Pilot Version of Digital Yuan Wallets Released by the Dragon
The Central bank of China is in a hurry in finalizing the nation’s CBDC strategies, as it released the pilot version of Yuan digital wallets. The pilot version of the wallets is only available to the ...
China launches the digital yuan wallet app
China is getting increasingly close to launching a digital state currency. The wallet for the digital yuan has been launched via app. The wallet for the digital yuan The app is called “e-CNY (pilot v...
China enters 2022 with a first-mover advantage on the CBDC front, releases pilot versions of digital yuan wallet apps for Android, iOS
The People’s Bank of China (POBC) recently released pilot versions of digital yuan wallets for both Android and iOS smartphones, Reuters reported. Meanwhile, researchers from Cornell University and t...
China Launches Digital Yuan Pilot Wallet for Android and iOS Users
The People’s Bank of China (PBoC) has extended its pilot tests for the country’s Central Bank Digital Currency (CBDC) or digital Yuan to launch a new mobile wallet. As reported by Reuters Tuesday, th...
China Releases Digital Yuan Wallet Apps for Android and iOS Stores (Report)
The People’s Bank of China launched a pilot version of its digital yuan wallet application on mobile phone app stores. This is another effort marking the nation’s desire to be the first to develop its...
China’s Digital Yuan Wallet App Now in iOS and Android App Stores – Regulation Bitcoin News
China’s central bank has released its digital currency wallet app ahead of the Winter Olympics. The wallet app for the digital yuan, also known as e-CNY, can now be downloaded from the iOS and Android...
China Releases Digital Yuan Wallet as Bitcoin Crackdown Continues
In brief China is in the middle of piloting its e-CNY (electric Chinese yuan) network. This is the first public release of the e-CNY wallet. At the start of 2021, China dominated the Bitcoin mining in...
Macau Casino Licenses Expire First Time In 20 Years, China To Leverage This For Implementing Digital Yuan
Regulators of China plan to initiate experiments of using digital yuan in casinos in Macau, as casinos start to bid on new licenses. As per reports, the huge market of casinos estimates about 90% of t...
Peoples’ bank of China rolls out the pilot phase for digital Yuan
TL;DR Breakdown Earlier today, the PBoC announced the launch of the pilot phase of its e-CNY wallet applications on both IOS and Android phones. The wallet is only available for testing by elite insti...
China launches digital yuan wallet pilot for android and iOS
China has launched the digital wallet pilot for its digital yuan (e-CNY) on Andriod and iOS platforms. The latest development comes as the world awaits an official public launch for the country’s nati...
Macau Casinos Could Become Digital Yuan Laboratories
As Macau casinos bid for new licenses, Chinese regulators could use the leverage to introduce experimental implementations of the digital yuan. Current concessions in the $37 billion market are set to...
China’s digital yuan wallet goes live on app stores in pilot mode
advertisement A pilot version e-CNY, the mobile wallet for China’s digital yuan, has gone live on iOS and Android app stores in China. Individual users in China may now download a version of the app...
Yuan sits at key support after strong China PMI data
The USD/CNY pair declined to a key support level on Tuesday after the strong Chinese economic data. The Chinese yuan is trading at 6.37 against the US dollar. It has risen by more than 11% from its lo...
Macau Likely to be Test Bed for China’s Digital Yuan: Reuters
Macau is expected to be a testbed for China’s digital yuan, also known as the e-CNY, as casino owners prepare to bid for new licenses in the city for the first time in two decades. Chinese regul...