Friday, January 22, 2021
Tags Chinese digital currency electronic payments

Tag: Chinese digital currency electronic payments

Xiong’an New Area to Trial Use of Digital Renminbi for Cross-border Payments

The Xiong’an New Area in Hebei Province has unveiled plans to explore the use of the digital renminbi (central bank digital currency...

Still No Release Schedule for China’s Central Bank Digital Currency: PBOC

A senior official from the Chinese central bank says there is still no date for the official rollout of its digital currency/...

Baidu’s Launch of China’s First Virtual Bank Card Unrelated to CBDC Trials

Baidu's recent release of a virtual "digital bank card" has triggered much speculation over its ties to the central bank digital currency...

Chinese Supreme Court Calls for Stronger Property Rights over Digital Currencies and Virtual Assets

The Chinese Supreme Court has flagged heightened protections for property rights in relation to digital currency in the lead up to the...

Cross-Chain Compatibility Will Unlock the Full Potential of CBDC’s: Sky Guo

As central banking moves towards the inevitability of digitization, global institutions and their governing countries must move in lockstep to ensure the...

Meituan Dianping to Take Part in Trials of China’s Central Bank Digital Currency

Beijing-based food delivery and consumer sales giant Meituan-Dianping has joined the exclusive cohort of companies participating in trials of China's central bank...

China’s Statutory Digital Currency Won’t Undermine Mobile Payments: Central Bank’s CBDC Chief

The head of digital currency research for the Chinese central bank says that its upcoming statutory digital currency (also referred to as...

China’s Central Bank Digital Currency Likely to Co-exist with Third Party Payments over the Long Haul

A leading blockchain expert says that there is room for China's new central bank digital currency (CBDC) to co-exist alongside established third...

No Schedule Yet for Launch of Central Bank Digital Currency: PBOC Governor Yi Gang

The governor of the Chinese central bank says that it has not assembled a concrete timeline for the launch of its much-anticipated...

Central Bank Digital Currency Poses a Threat to US Dollar Hegemony: JPMorgan

A report from JPMorgan Chase & Co points to the potential for China's proposed central bank digital currency (CBDC) to undermine the...

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Users of Everbright’s Cloud-Driven Utilities Payment Platform Exceeded Half a Billion in 2020

China Everbright Bank has seen users of its cloud-based utilities payments service surge in 2020, as the COVID-19 pandemic drove sharp gains...

China Unlikely to See Real Estate Loan Rates Decline in 2021 as LPR Holds Steady for Ninth Month Straight

Domestic analysts say that Chinese banks are unlikely to significantly reduce rates for real estate loans in 2021, as regulators continue to...

Chinese Central Bank Unveils Anti-Trust Measures Permitting Break up of Third-Party Payments Platforms

The People's Bank of China (PBOC) will have the power to recommend the dismantling of third party payments platforms under new measures...

Pinduoduo Owner Applies for Payments Trademark

A major shareholder in NASDAQ-listed agricommerce platform Pinduoduo has applied with Chinese authorities to register a Pinduoduo-related payments trademark.