China has pushed to expand the number of users for its sovereign digital currency through partnerships with tech giants including Tencent and JD.com.
China is ramping up efforts to roll out the digital yuan to the broader population, as the country's technology giants like Alibaba and Tencent jump on board.
One analyst questioned what incentives there are for Chinese citizens to use the digital yuan over the existing dominant systems of mobile payments. But there are challenges ahead and one particular question stands out: Will Chinese citizens — who already use two dominant mobile payment systems run by these same tech firms — begin paying with the digital yuan?has been working on the digital form of its sovereign currency since 2014Also known as the e-CNY, it's designed to replace the cash and coins already in circulation. It is not a cryptocurrency like bitcoin, in part because it's controlled and issued by the central bank.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
China foreign minister in Sri Lanka to discuss Belt and Road | AP NewsCOLOMBO, Sri Lanka (AP) — Chinese Foreign Minister Wang Yi was in Sri Lanka on Sunday seeking to advance Beijing's ambitious Belt and Road Initiative as the island nation tries to rescue itself from a foreign currency and debt crisis, partly due to infrastructure built with Chinese loans that don’t generate revenue.
Baca lebih lajut »
Omicron Comes to China, Prompting Mass Testing and QuarantinesAt least two confirmed cases of the new variant of Covid-19 were reported in the port city of Tianjin, weeks ahead of the Winter Olympics in neighboring Beijing.
Baca lebih lajut »
Tesla China Shares Video On How Safety Comes First At TeslaTesla China shared a new video on its YouTube channel that highlights the important focus on safety that Tesla is well known for. The video led with a clip of CEO Elon Musk speaking on
Baca lebih lajut »
Roblox halts service in China ahead of a major revamp | EngadgetRoblox has put a hold on its service in China for an overhaul, but it's not clear where the game platform is headed next..
Baca lebih lajut »
China fines Japanese-owned 7-Eleven for calling Taiwan a countryThe Chinese communist government fined the Japanese-owned 7-Eleven convenience store chain in Beijing more than $23,000 for labeling Taiwan a country.
Baca lebih lajut »
China appoints former paramilitary chief as new Hong Kong garrison commanderChina has appointed a former paramilitary chief, Peng Jingtang, as the new commander of the People Liberation Army's (PLA) garrison in Hong Kong, state broadcaster CCTV reported late on Sunday citing the PLA's spokesman.
Baca lebih lajut »