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05 May 2021 17:56 GMT IDEX Biometrics ASA, a leading provider of advanced fingerprint identification and authentication solutions, and Chutian Dragon Co. Ltd. (CTD) today announced an expansion of their ongoing collaboration to include the development of a Digital Currency/Electronic Payment (DC/EP) card based solution supporting the People’s Bank of China initiative. The new, smart card based digital wallet will be secured by IDEX’s TrustedBio fingerprint authentication technologies. IDEX is a well-established biometric technologies provider, with competitive advantages in biometric pe...

The Digital Yuan, also know as Digital Renminbi or e-CNY, the development will be “jointly promote” by the partners and will be based on Alibaba’s affiliate. The Global Times revealed that banking institutions have worked with Ant and the multinational Chinese conglomerate Tencent for over 3 years. Together they have co-develop the Digital Yuan. Ant and Tencent have gone through a lot of scrutinies by China’s government. However, this has not prevented them to work on the project. VOA claims that the People’s Bank of China requires assistance to build the CBDC’s infrastructure and...

One of the major e-commerce companies in China JD.com has started paying employees in digital yuan. The online retailer made this known in a post while also announcing that it would be taking part in the one-year Digital Currency/Electronic Payment (DC/EP) trial show at the fourth digital China summit happening in Fuzhou. The show is slated to hold from April 25 to 26. JD’s Active Role In Digital Yuan Trials Since September 2020, JD has provided technology and service support for DC/EP trial programs in Suzhou, Beijing, and Chengdu. This is part of its functions under the partnership signed...

MacroBusiness Access Subscriber Only Content Via the excellent gents at Nordea: Could Bitcoin undermine the dollar and the United States? Perhaps. We do see reasons to mull the long-term value of the dollar – not primarily because of cryptocurrencies, but due the country’s economic-political choices and China’s continued rise… Investor and entrepreneur Peter Thiel recently wondered if not “Bitcoin should … be thought [of] in part as a Chinese financial weapon against the US”. To try to explain what this could mean, we turn to recent economic research on fiscal and monetary ca...

Share this article Share this article IRVINE, Calif., April 15, 2021 /PRNewswire/ -- Sunwest Bank, a privately held, entrepreneurial business bank serving the Western United States, is excited to announce its strategic partnership with Serve First Solutions, Inc., an award-winning electronic payments consulting firm, as primary solution provider for the bank's merchant and payment processing services. "Serve First has serviced Sunwest Bank's clients over the last 10 years and have continuously demonstrated that they are creative, nimble, and most of all, competitive in terms of pricing and...