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Posts published in “CryptoYuan”

A Step Towards a Cashless Society

The People’s Bank of China (PBOC) has been working on the development of a digital version of the country’s fiat currency, the renminbi, for several years now. Known as the digital yuan, this new form of currency is being tested in several pilot cities, and it is expected to be…

The Future of Money?

The People’s Bank of China (PBOC) has been working on the development of a digital version of the country’s fiat currency, the renminbi, for several years now. Known as the digital yuan, this new form of currency is being tested in several pilot cities, and it is expected to be…

China’s Digital Yuan: A New Era in Global Finance

The People’s Bank of China (PBOC) has been working on the development of a digital version of the country’s fiat currency, the renminbi, for several years now. Known as the digital yuan, this new form of currency is being tested in several pilot cities, and it is expected to be…

The Rise of China’s Digital Yuan: Opportunities and Risks

The People’s Bank of China (PBOC) has been working on the development of a digital version of the country’s fiat currency, the renminbi, for several years now. Known as the digital yuan, this new form of currency is being tested in several pilot cities, and it is expected to be…

China will start accepting Crypto Yuan as payment for electricity bills

The new function will appear in a mobile application developed by the People’s Bank of China. Payment of bills can be made without linking a bank card. Chinese residents will be able to pay their electricity bills in crypto yuan using a mobile app developed by the People’s Bank of…

Airline tickets and CryptoYuan

The Crypto Yuan was first used in China to buy plane tickets, and Spring Airlines began accepting this form of payment in Shanghai. The first ticket paid in CryptoYuan, worth ¥ 560 (about $ 86), was purchased on a Shanghai-Shenzhen flight, marking the beginning of the use of Chinese cryptocurrency…

What will happen to Bitcoin and mining in China?

Last October, Xi Jinping stated that the development of blockchain technology is one of the priorities of the Chinese government. By that time, it was already known that in the territory of the Middle Kingdom, since 2014, a state cryptocurrency was being developed with the support of the People’s Bank…

Chinese banks want to test CryptoYuan at Shanghai`s shopping centers.

Shanghai New World City and Daimaru New World, as well as food provider Taikang Food Store, processed thousands of digital RMB transactions over the weekend, Shanghai Daily reported. As part of the trial, retailers introduced e-payments in RMB as part of a sales campaign to mark International Women’s Day. Shanghai…

Another CryptoYuan testing in Suzhou

The Suzhou authorities in China introduced the next round of Crypto Yuan testing. In total, about $ 5 million will be distributed among citizens. According to financial experts will now check the end-to-end infrastructure for future Crypto Yuan transactions.This year, 150 thousand Suzhou residents will be involved in testing a…

CryptoYuan hardware wallet

Last week News.cn published photos of a CryptoYuan hardware wallet that does not require a smartphone. Despite rapid economic development, about 38% of China’s population still does not use smartphones. That is, about 680 million people will not be able to use government cryptocurrency functions that are available on smartphones.…

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