Tag "digital currency"
China’s CBDC Pilot Surpasses US$ 5 Billion in Total Transaction Value
Since launching pilots for its central bank digital currency (CBDC) back in late 2019, China has seen 70.75 million transactions being conducted using the so-called e-CNY scheme with value totaling RMB 34.5 billion, or US$5.3 billion, new data from the
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Asia Leads the Way with Central Bank Backed Digital Currencies (CBDCs)
Central banks in Asian countries including Cambodia, Thailand, Mainland China, Hong Kong and Singapore, have more advanced central bank digital currency (CBDC) projects than their global counterparts, outperforming those of Canada, the UK and Sweden, a new analysis by PwC
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What is A Digital Currency and Why They Are The Real Revolution
Technology is transforming payments, and one of the most widely talked about innovations in this regard has been digital currencies. Despite its growing dominance in international headlines, many who are unfamiliar with the scene find themselves asking “what is a
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President Xi Jinping Fuels China’s Renewed Appetite For Blockchain
China’s appetite for blockchain has surged after Chinese president Xi Jinping proclaimed the technology as an “important breakthrough” and said “greater effort should be made to strengthen basic research and boost innovation capacity.” The Communications Industry Association, an affiliate of
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4 Reasons Why China’s Central Bank is Launching a Digital Currency
Blockchain and cryptocurrencies have been all the rage these past years. Now even central banks are looking to launch their own digital currency. So-called central bank digital currencies (CBDCs) differ from traditionally digital currencies like bitcoin and ether in the
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