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Tag: Yuan

Transactions In Chinese Virtual Currency Crosses Past Hundred Billion Yuan

Blockchain | by Ben Gupta | October 20, 2022

The People’s Bank of China recently mentioned that the number of transactions carried out using China’s CBDC had crossed the mark of […]

Digital Yuan Transactions Volume Surpasses Fourteen Billion USD Mark

Blockchain | by Ben Gupta | October 19, 2022

The CBDC project of the Chinese government has crossed past the mark of fourteen Billion dollars, or over hundred billion yuan, of […]

CBDC Wallet Becomes The Most Downloaded Mobile App In China

Blockchain | by Ben Gupta | January 12, 2022

The official digital yuan wallet app that was released as a trial version to be used in limited cities of China has […]

China’s Digital Currency Gears Up For Launch, Large Scale Tests Underway

Blockchain | by Ben Gupta | August 12, 2020

The launch of China’s digital currency (DCEP), seems to be just around the corner. Presently, large scale trials are ongoing in Shenzhen […]

Digital Yuan’s Backend Development Complete, Says People’s Bank of China Former Senior Official

Blockchain | by Ben Gupta | July 25, 2020

A prior senior official of the People’s Bank of China recently mentioned that China has finished the backend architecture development of its […]

China’s Largest Wholesale Products Platform Collaborates With Central Bank To Test Digital Yuan

Blockchain | by Ben Gupta | July 20, 2020

Meituan Dianping, the major Chinese wholesale and delivery platform for products, has become the newest establishment to collaborate with the People’s Bank […]