The unnamed recipient of the loan said the e-CNY transaction was fast and efficient; they received an equivalent of 500,000 CNY, which was $74,020 at the time of publication.
Category: e-CNY
More than 2.6 million users signed up for the City of Shenzhen’s digital yuan airdropMore than 2.6 million users signed up for the City of Shenzhen’s digital yuan airdrop
The city has about 18 million residents in its prefecture-level area.
China’s central bank to expand deployment of e-CNYChina’s central bank to expand deployment of e-CNY
Over 4,567,000 merchants across the country now accept the e-CNY as payment.
City of Shenzhen airdrops 30M in free digital Yuan to stimulate consumer spendingCity of Shenzhen airdrops 30M in free digital Yuan to stimulate consumer spending
According to local news outlet Shanghai Securities News, the City of Shenzhen will airdrop 30 million digital Chinese Yuan (e-CNY) to local residents in an attempt to revitalize consumer spending.
PBoC governor says digital yuan to be more privacy-enhanced than payment appsPBoC governor says digital yuan to be more privacy-enhanced than payment apps
Making the e-CNY more privacy-orientated aside, the PBoC already has ambitions to bring the CBDC onto the world stage.
China Reveals Digital Yuan White Paper: Smart Contracts, $5.4B Settled, Large Transfers TracedChina Reveals Digital Yuan White Paper: Smart Contracts, $5.4B Settled, Large Transfers Traced
The working group involved with the research and development of the digital yuan for the People’s Bank of China (PBOC) has published a paper describing the digital currency’s progress. The
Over 3,000 ATMs in Beijing Offer Digital Yuan WithdrawalsOver 3,000 ATMs in Beijing Offer Digital Yuan Withdrawals
Leading Chinese banks have introduced digital yuan withdrawals at more than 3,000 ATM locations in Beijing. Residents of the capital city will now be able to exchange their e-CNY funds
Shanghai Man: Economist says El Salvador ‘on road to death’, salaries paid in e-CNY …Shanghai Man: Economist says El Salvador ‘on road to death’, salaries paid in e-CNY …
Former banking heads question foreign financial policies, workers paid with digital yuan in milestone pilot and a large Series A is closed by DeFi platform SynFutures.
‘All Banks Go Fintech’: Hong Kong Unveils ‘Fintech 2025’ Strategy‘All Banks Go Fintech’: Hong Kong Unveils ‘Fintech 2025’ Strategy
The Hong Kong Monetary Authority (HKMA) plans to guide local banks towards full adoption of fintech technologies, a new strategy reveals. The region’s central banking institution also stressed that it’s
Hong Kong to Connect Digital Yuan With Domestic Payments System in Cross-Border TrialsHong Kong to Connect Digital Yuan With Domestic Payments System in Cross-Border Trials
Financial authorities in Hong Kong have announced a second phase of trials for mainland China’s digital currency. As part of the upcoming tests, the city will link the Chinese digital