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Cryptonews Tags Digital Yuan

# Digital Yuan (Page 13)

China Set for Huge Expansion of Digital Currency Pilot
The Chinese central bank is reportedly set to massively expand the scope of its digital yuan pilots – as the nation edges closer to a central bank digital currency (CBDC) issuance.Per a report from the Wall Street Journal, the nation’s Ministry of Commerce said that the pilot – so...
, by Tim Alper
Another Chinese Giant, Meituan Dianping, Might Test Digital Yuan – Report
The rollout of China’s much-discussed central bank digital currency (CBDC) is getting one step closer, as the People’s Bank of China (PBoC) – the country’s central bank – is said to have entered into discussions with a giant online food delivery platform for a trial of...
, by Fredrik Vold
Digital Yuan Set for Real-world Ride Sharing Pilot with Apple-backed Didi
China’s digital yuan launch appears to be inching yet closer to rollout after reports in the Middle Kingdom surfaced linking a ride-share operator with pilots for the new central bank-run token.Per Beijing Business Today and Bloomberg, a digital currency unit of the central People’s...
, by Tim Alper
South Korean Merchants ‘May Accept Digital Yuan from Chinese Tourists’
Countries with a large influx of Chinese tourists could be among the first outside the Middle Kingdom to accept the forthcoming digital yuan, claims a South Korean report – although it comes with warnings of “Big Brother’s” creeping influence over Chinese finance.Per South...
, by Tim Alper
‘Post-dollar World’ May Be Run by Digital Yuan – Analysts
International experts are warning that China’s forthcoming digital yuan might be gunning not only for the United States dollar, but also for bitcoin (BTC)’s market share – while slumping dollar prices have prompted some to ask if BTC currently presents a better investment...
, by Tim Alper
Digital Yuan Will ‘Co-exist’ with Alipay, WeChat Pay – China Telecom
A China Telecom executive has hinted that the digital yuan and third-party payment apps will likely co-exist in the same financial ecosystem – although he stopped short of saying whether or not the forthcoming central bank-issued token would be interoperable with apps such as WeChat Pay and...
, by Tim Alper
No Timetable Yet for Digital Yuan Launch, Google Finds Theta + More News
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.Digital fiats newsA timeframe has yet to be set for the launch of the digital yuan, says the People’s Bank of...
, by Sead Fadilpašić
Central Banks Could Partner with Private Sector on CBDCs
The idea of central banks running the entire central bank digital currency (CBDCs) show is "out the door," and is being replaced by the private-public partnership, according to Tommaso Mancini-Griffoli, Deputy Division Chief in the Monetary Capital Markets Department at the International Monetary...
, by Sead Fadilpašić
Digital Yuan Rollout Is ‘Response to Facebook’s Libra’
A South Korean financial expert says that China’s forthcoming digital yuan will be used in cross-border trading – possibly replacing the United States dollar in many international deals – and has been sped up as a response to Facebook’s Libra project.Per Maeil Kyungjae, Kim...
, by Tim Alper
Digital Yuan ‘Highly Likely’ to Be Compatible with Alipay, WeChat Pay
Experts in China and South Korea believe that China’s digital yuan will likely be interoperable with e-pay solutions like WeChat Pay and the Alibaba-operated AliPay, as well as a number of digital platforms used by major banks.The People’s Bank of China (PBoC), the Middle...
, by Tim Alper
Chinese Media Outlets Rush to Distance the Digital Yuan from Bitcoin
A number of Chinese media outlets have published reports outlining the central bank’s plans for the digital yuan, which is set to make its debut at testbed sites next month, with some keen to point out that the new token “is not bitcoin (BTC) or ethereum (ETH)” and will not lead...
, by Tim Alper
Starbucks Denies Involvement in Digital Yuan Tests
American multinational chain of coffeehouses, Starbucks, has denied being involved in the testing of China's digital yuan."We are not participating in the digital currency trial in China," a Starbucks spokesperson told Cryptonews.com, without elaborating. As reported, news have started coming out...
, by Sead Fadilpašić
McDonald’s, Starbucks, Subway May Take Part in Digital Yuan Tests – Reports
McDonald’s, Starbucks and Subway branches could be set to take part in the Chinese central bank’s digital yuan pilots, with Beijing’s efforts to roll out the world’s first central bank digital currency (CBDC) intensifying.Multiple Chinese outlets, including the likes of Sina...
, by Tim Alper
Digital Yuan Real-world Tests to Begin in May – Chinese Media
Multiple domestic media outlets are reporting today that China is beginning its first tests for what is set to become the world’s first central bank-issued digital currency, with real-world tests coming in May.Chinese outlets say that the digital yuan, known in China as the DCEP (Digital...
, by Tim Alper
Are these the First Images of China’s Digital Yuan? (UPDATED)
Social media users believe they have captured screenshots of a beta version of China’s much-awaited central bank digital currency (CBDC). (Updated at 13:53 UTC: updates in bold). WeChat users are believed to have gained access to the screenshots on Tuesday this week. Images have since been...
, by Tim Alper
China Inches Closer to Its Digital Yuan With This Infographic
The Shanghai branch of the central People’s Bank of China (PBoC) has published an infographic on its official WeChat account to educate the public about digital currencies – and warn them of the dangers of coronavirus-themed cryptocurrency scams.The move could well be an indication that...
, by Nicole Jao
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