Despite surpassing the USD in cross-border payments in China, the use of the yuan in global trade finance remains low.
The Chinese yuan has become the most used currency for cross-border transactions in China. In March, the yuan overtook...
Chinese super app WeChat is the second multipurpose social media platform in the country, after Alipay, to integrate digital yuan payments.
WeChat has integrated the digital yuan into its platform to facilitate faster and more seamless user payments....
The transaction took place on Russia’s national blockchain network aka the Masterchain blockchain platform.
In the latest development, Russia-based Moscow Credit Bank issued a blockchain-based bank guarantee in Chinese yuan. This is the first-of-its-kind product in the country with...
China is pulling all plugs to make its CBDC digital Yuan popular. The e-CNY is one of the three forms of payment that foreign athletes and dignitaries can use at the Enter Olympics Games. The e-CNY is one...
WeChat, China’s largest social messaging and payment app that boasts of over a billion users is all set to integrate the digital yuan payment option on its platform. In China, there is a common trend of one app...
China has launched the digital wallet pilot for its digital yuan (e-CNY) on Andriod and iOS platforms. The latest development comes as the world awaits an official public launch for the country’s native CBDC. China was among the...
China is currently in the second year of mass testing its national digital currency called digital yuan (e-CNY) with no fixed schedule for an official launch. However, that has not stopped the Chinese e-commerce giant JD.com from adding...
China is now looking for an aggressive digital yuan push right before the winter olympics. The national soverign digital currency whose development was completed in 2019 is currently being widely tested across various provinces in China before the...
