Tag: yuan
Chinese digital yuan CBDC used for first time to settle cross-border oil deal
The digital yuan has been used for the first time to settle an oil transaction, the Shanghai…
China opens industrial park for digital yuan CBDC development in Shenzhen
China opened an industrial park dedicated to developing the digital yuan ecosystem on Oct. 11, according to…
Digital yuan app adds prepaid Mastercard Visa top-ups for tourists
Tourists planning to visit the People’s Republic of China can now pre-charge their digital yuan wallets using…
Digital yuan payment option must be offered in retail scenarios
While China’s central bank digital currency (CBDC) goes through technological and business model upgrades, the market should…
Digital yuan integration introduced to Chinese business air travel
As the pilot program for China’s central bank digital currency (CBDC), the digital yuan, takes off, Chinese…
China’s digital yuan nears $250B transaction volume: Central bank governor
Nearly $250 billion worth of transactions have taken place using China’s digital yuan in the one-and-a-half years…