China

McDonald’s and Starbucks did not Partner with the Chinese Government to Test Digital Yuan
Oct 17, 2020 at 11:23
News
McDonald’s and Starbucks did not Partner with the Chinese Government to Test Digital Yuan
Global fast-food giants McDonald’s and Starbucks have never been included into the trials of digital yuan. None of the brands confirmed its participation in the testing program.
Coronavirus Speeding Up CBDC: G20 Designing a Framework
Oct 16, 2020 at 13:49
News
Coronavirus Speeding Up CBDC: G20 Designing a Framework
The forced digitizations of nearly all industries worldwide makes traditional players adjust and set standards for innovative solutions. Thus, the G20’s Financial Stability Board (FSB) is set for developing a framework for adopting CBDC.
Central Bank Digital Currency: The Good, the Bad, and the Ugly
Oct 13, 2020 at 13:55
News
Central Bank Digital Currency: The Good, the Bad, and the Ugly
Several countries, including the US and China, are working on their own digital currencies (Central Bank Digital Currency or CBDC). Is this about giving people more freedom over the payments or control over the financial flow? What is in it for the government and its citizens?
China Is Establishing an Internet Hospital to Minimize Physical Contacts
Oct 05, 2020 at 14:14
News
China Is Establishing an Internet Hospital to Minimize Physical Contacts
First internet hospital will be launched in China in early 2021. The institution is going to apply blockchain technology and provide internet medical service using WeChat app.
Digital Dollar Wallet to Each American: USA Plans to Launch its Digital Currency
Oct 02, 2020 at 13:29
News
Digital Dollar Wallet to Each American: USA Plans to Launch its Digital Currency
It seems the rumours about the launch of digital dollars have been confirmed. The US Federal Reserve has been making actual efforts to launch their Central Bank Digital Currency (CBDC).
People’s Bank of China: Digital Yuan Will Be a Form of Local Currency
Sep 15, 2020 at 13:00
News
People’s Bank of China: Digital Yuan Will Be a Form of Local Currency
When released, China’s Central Bank Digital Currency (CBDC) might replace fiat yuan in circulation. At least, that was what Fan Yifei, the Deputy Chairman of the People’s Bank of China (PBoC), stated in his article published at Financial News local outlet.
Digital Yuan is Still Too “Green” to be Used for Large Transactions
Aug 25, 2020 at 09:21
News
Digital Yuan is Still Too “Green” to be Used for Large Transactions
The People’s Bank of China is not going to expand trials of its CBDC to large volume transactions. For now, at least.
Major Crisis Coming: Global Whales Turn to Bitcoin
Aug 23, 2020 at 10:43
News
Major Crisis Coming: Global Whales Turn to Bitcoin
The COVID-19 pandemic has changed the world a lot. The lockdown affected most global industries, having caused one of the biggest crises for the past decades. However, world financial experts predict the situation can become even worse and lead to the complete death of the US dollar.
China Is Approaching the Release of Digital Yuan by Expanding its Trials
Aug 16, 2020 at 11:09
News
China Is Approaching the Release of Digital Yuan by Expanding its Trials
As the idea of issuing the Central Bank Digital Currency (CBDC) is gaining traction worldwide, China makes practical steps to make their digital yuan release closer. Now, the country is going to expand its trials to test the CBDC potential on a larger scale.
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