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China-based ZW Data has launched ‘The Finance’, its supply chain finance solution that targets the key opinion leaders (KOLs) and online-to-offline (O2O) ecommerce industry.
ZW Data, China, KOLS, O2O, blockchain, bif, WePay, ecommerce, digital assets, DCEP, Bitcoin, Ehereum
China’s biggest cities have come closer and closer to holding pilots to promote the use of the country’s central bank digital currency (CBDC) in 2021.
China, CBDC, cryptocurrency, crypto testing, digital banking, centralised currency, DCEP, innovation
A former governor of the China-based central bank has addressed the sovereign digital currency issue, the digital CNY being designed to grow retail payments at home and prevent USD dominance.
China, digital yuan, digital CNY, retail payments, stable coins, digital currency, Bank of China, DCEP, electronic payment
The Chinese city of Shenzhen has announced plans to distribute over 10 million yuan in China’s upcoming digital currency as part of public trials.
digital currency electronic payment, wallets, digital yuan, merchants, trials, payments digitalisation, DCEP, CBDC, China
China Construction Bank (CCB) had opened a wallet service for China’s central bank digital currency to public users, however it has disabled it after the feature gained widespread attention.
DCEP, digital yuan, central bank digital currency, China, China Construction Bank, innovation, mobile wallet, mobile app
DiDi, a large Chinese ride-hailing company, has created a task force to design and implement a trial of China’s central bank digital currency (CBDC) on its transportation platform.
DiDi, ride hailing, central bank digital currency, CBDC, China, DCEP, electronic payments, banks
Chinese commercial banks and other institutions will compete to provide the best services using China’s digital currency when the new form of money will be launched.
China, crypto, blockchain, DCEP