Articles with tag like: yuan

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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

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