Digital yuan payment adoption is stepping up in China ahead of the Asian Games, with venue cities rolling out a range of central bank digital currency (CBDC) transport options. Per Shanghai Securities News, preparations are in advanced stages in the host city of Hangzhou, Zhejiang Province. The city was slated to host the event in…
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Chinese healthcare and energy sector providers will allow patients and customers to pay with the digital yuan, in new breakthroughs for the nation’s central bank digital currency (CBDC). Per the Chinese media outlet WXRB, both outpatients and hospitalized mental healthcare patients can now use the CBDC to pay for medical treatment. Deposits, medication, and hospitalization…
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The Chinese autonomous region of Guanxi, located in the south of China, will implement a wide adoption plan for the digital yuan, that includes a push for using it as a trade currency with countries part of the ASEAN bloc. This pilot plan looks to be part of the experimentation to step up the usage…
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Universities in China say they are adopting the digital yuan, and looking for ways to allow students to use the nation’s central bank digital currency (CBDC) in “every” aspect of their campus lives. In an interview with the Chinese media outlet Stockstar, one of the firms at the center of the adoption drive said it…
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Hunan Province, China, has debuted new digital yuan loans for tech startups – with Beijing keen to explore more central bank digital currency (CBDC) financing options. Per the Changsha Evening News, via JDZ, three startup founders became the first people to be awarded CBDC loans from the state-owned Bank of Communications. In a first for…
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The Chinese arm of the French banking titan BNP Paribas announced it will launch a digital yuan wallet management platform, in another boost for China’s central bank digital currency (CBDC). Per Shanghai Securities Net, BNP Paribas China will be teaming up with the state-owned commercial bank the Bank of China for the project. The French…
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The Chinese tech giant Tencent has stated that its WeChat ecosystem will let users make digital yuan payments on applets and video channels. The move will allow WeChat users to pay via in-app applets using the Chinese central bank digital currency (CBDC). They will also be able to use the CBDC to shop on e-commerce…
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Changshu, a city in China with more than 1.5 million inhabitants, will pay public workers’ wages with the Chinese central bank digital currency (CBDC), the digital yuan. The move marks an acceleration of the adoption plans that Beijing has for the digital currency, which has been included in some limited programs before. Public Employees in…
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Russia is launching a new payment system that is “bound by no restrictions” where digital currencies could be used in cross-border payments, said Russian Finance Minister Anton Siluanov. “Two parties come to an agreement, make settlement payments, and no other country could step in and freeze such payments,” the top official explained. Digital Currency ‘Bound…
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