Articles with tag: yuan

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PBOC tests CBDC for in-store payments via contactless cards and wearables

News | Cryptocurrencies | 11 Jan 2021

The People’s Bank of China (PBOC) has begun piloting its central bank digital currency (CBDC) for in-store payments via contactless cards and wearables.

CBDCs, card wallets, NFC, contactless hard wallet, NFC, wearables, China, merchants, payments, digital yuan, People’s Bank of China, PBOC

Central Bank Digital Currencies for Dummies – A Quick Guide into CBDCs

News | Cryptocurrencies | 09 Dec 2020

The Paypers releases the Central Bank Digital Currencies for Dummies, an ebook which is a quick reference guide into CBDCs that aims to inform readers about what CBDCs are, the innovation they promise, the implications, and risks they pose.

Central Bank Digital Currencies, CBDC, Digital dollar, Digital euro, Chinese yuan, Facebook Libra, Stablecoins, Central banks, Commercial banks, Fintech, Technology providers, Monetary policies, Financial systems, COVID-19, Payments digitalisation, Mobile wallets, Smartphones, Financial inclusion, Customer data, Digital identity, Data privacy, Security

Central Bank Digital Currencies for Dummies – A Quick Guide into CBDCs

Report | Cryptocurrencies | 09 Dec 2020

Central Bank Digital Currencies for Dummies is a quick reference guide into CBDCs that aims to inform readers about what CBDCs are, the innovation they promise, and the implications and risks they pose

Central Bank Digital Currencies, CBDC, Digital dollar, Digital euro, Chinese yuan, Facebook Libra, Stablecoins, Central banks, Commercial banks, Fintech, Technology providers, Monetary policies, Financial systems, COVID-19, Payments digitalisation, Mobile wallets, Smartphones, Financial inclusion, Customer data, Digital identity, Data privacy, Security

Nayax, Yuansfer, Alipay team up to enable QR code payments across North America

News | Online Payments | 24 Nov 2020

Nayax and Yuansfer have partnered with Alipay to enable QR code-based payments at approximately 100,000 eligible self-serve retail locations across North America. 

Nayax, Yuansfer, partnership, Alipay, online payments, China, travel, North America

Huawei's new line of smartphones to feature digital yuan compatible wallet

News | Mobile Payments | 04 Nov 2020

Huawei has announced that the Mate 40 line of devices will feature a hardware wallet that will allow users to make transactions with China’s digital yuan CBDC.

Huawei, China, Asia, product launch, NFC payments, CBDC, digital yuan, transactions, e-wallet, Mate 40

PBoC governor praises digital yuan trials

News | Cryptocurrencies | 02 Nov 2020

The governor of the People’s Bank of China, Yi Gang has praised recent tests of its national digital currency at the Hong Kong Fintech Week conference.

PBoC, digital yuan, digital currency, central bank, China, payments

Digital CNY to grow retail payments and prevent USD dominance

News | Cryptocurrencies | 30 Oct 2020

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

China tests its CBDC in Shenzen

News | Online Payments | 20 Oct 2020

China’s USD 1.5 million digital Yuan giveaway has completed successfully, with winners spending around 88% of the total prize pool.

CBDC, digital Yuan, China, digital currency, electronic payment, PBoC

China's CBDC will be distributed in Shenzhen as part of public trials

News | Cryptocurrencies | 12 Oct 2020

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,

After soft launch of digital yuan wallet, Chinese bank disables the app

News | Cryptocurrencies | 31 Aug 2020

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

Major Chinese cities announce testing of Central Bank Digital Currency

News | Cryptocurrencies | 21 Aug 2020

Chinese Central Bank Digital Currency (CBDC) will soon be tested in ‘Guangdong-Hong Kong-Macao Greater Bay Area, Beijing-Tianjin-Hebei region, and Yangtze River Delta region’ according to China’s Ministry of Commerce.

Central Bank Digital Currency, CBDC, China, digital yuan, Bank of China, China Construction Bank, Industrial and Commercial Bank of China, Agricultural Bank of China, digital wallet app, accounts, money, payments, money transfer

China's virtual Yuan DCEP System to be released in Hong Kong

News | Online & Mobile Banking | 14 Aug 2020

China’s virtual yuan (CBDC), also referred to as digital currency electronic payment (DCEP) has been announced for testing in Hong Kong’s Greater Bay Area in August 2020.

China, Hong Kong, virtual yuan, DCEP System, CBDC, Greater Bay Area, digital currency, digital currency electronic payment, Guangzhou, Shenzhen, Macau, financial centre, financial infrastructure, Guangdong, South China, international adoption, virtual banking system

China to take on Bitcoin, Facebook's Libra, and the US dollar with digital currency scheme

News | Cryptocurrencies | 18 Jun 2020

An influential group in China has revealed plans for an East Asia digital currency scheme that could see a basket of currencies combined to take on Bitcoin, Facebook's Libra, and even the US dollar.

central bank digital currency, China, dollar, trade war, Bitcoin, cross border payments, digitalisation, yuan, Libra

The digital yuan takes a great leap forward, China's Central Bank says

News | Cryptocurrencies | 13 Jan 2020

According to the People’s Bank of China, the nation’s central bank, the development of a digital yuan (DECP) is making progress.

People’s Bank of China, cryptocurrency, digital currency, digital yuan, China, payments

HSBC processes first blockchain letter of credit using CNY with Voltron

News | E-invoicing, SCF & E-procurement | 03 Sep 2019

HSBC has completed the first yuan-denominated blockchain-based letter of credit transaction within the Voltron trade finance platform.

HSBC, Voltron, blockchain, China, yuan, CNY, letter of credit, trade finance, trade finance platform, letter of credit transaction, BNP Paribas, Standard Chartered

Paysend reveals Pays XDR stablecoin solution for global payments

News | Cryptocurrencies | 18 Jun 2019

Paysend has announced the launch of a new solution for global payments, which leverage the transparency of blockchain technology and a well-established global network.

Paysend, launch, global payments, stablecoin, Stellar, cryptocurrency, Pays XDR, UK, blockchain, fintech, payments, currency volatility, commerce, Visa, PayPal, merchants, dollar, euro, yen, yuan, pound

Peoples Bank of China eyes cryptocurrencies as possible yuan risk

News | Cryptocurrencies | 30 Mar 2018

People’s Bank of China (PBoC) has said cryptocurrencies will be one of its top priorities in 2018, in an effort to protect the national currency.

PBoC, regulation, crypto exchanges, yuan, China, cryptocurrency