IDEX s biometric cards included in China s digital renminbi planetbiometrics.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from planetbiometrics.com Daily Mail and Mail on Sunday newspapers.
China digital currency: when will the e-yuan be launched, and what will it be used for? Karen Yeung, Andrew Mullen China began exploring the concept of a national virtual currency in 2014 with the success of e-commerce platforms Alibaba, Tencent and Baidu. Photo: Bloomberg
When will China s sovereign digital currency be launched?
China has not announced an official timetable for the official launch of its Digital Currency Electronic Payment (DCEP) system.
The first glimpse of the planned digital currency emerged in April 2020 when a screenshot of a test version developed by the Agricultural Bank of China was leaked.
Trials of the digital yuan began in May 2020 in four cities - Shenzhen, Suzhou, Chengdu and the Xiongan zone near Beijing.
The Beijing Local Financial Supervision and Administration Bureau has officially announced that some 40 million digital yuan ($6.2 million) will be distrib
From kitchen utensils to fresh vegetables, Shanghai resident Sun Xuhong shops online because there is a much better selection of imported brands than those found in bricks-and-mortar retailers. The range of choices, coupled with seamless connection to mobile payment apps like WeChat Pay and Alipay, is why she has little interest in partaking in China's sovereign digital currency trials, which have so far been confined to a limited number of.
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