Today news
About the same in other media
14.12 - 06:33
Is China e-CNY CBDC effectively competing with WeChat Pay and AliPay
Reading now: 777
China has become the frontrunner when it comes to the global CBDC race. China’s e-CNY is expected to witness a full-fledged launch by February 2022. However, so far, it has already conducted several large-scale trials in its advanced pilot stage.
Earlier reports also suggested that PBoC might set up a digital exchange in Beijing. The idea will be to further promote its digital yuan, now that private crypto is out of the way.
Meanwhile, ahead of Winter Olympics in February, the Chinese administration might be locking hocks with private payment platforms for the market share.
In a recent interview with CNBC, Eswar Prasad of Cornell University also commented on the People’s Bank of China’s reason for a CBDC. He said,
“The People’s Bank of China
Read more on ambcrypto.comAbout this in other media
National Bank of Kazakhstan releases report on results of CBDC pilot project ambcrypto.com /2 years ago
Mainland China reports its first omicron Covid case cnbc.com /2 years ago
Russia prioritizes CBDC ruble as overall crypto outlook seems positive cointelegraph.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
