Search Results for "digital renminbi"
Why Cryptocurrency Is Not A Viable Global Reserve Currency to Replace the US Dollar
With the recent rise of cryptocurrency, there have been talks about the digital currency poised to become a global reserve currency, thus replacing the U.S dollar. Based on the virtual currency’s potential, it can become the next global hedge currency. But let us look at the facts in the financial market, especially from the dimensions of regulations, digital currency, and fiat currency. This move would help us understand whether the claims hold water.
China's Central Bank Digital Currency DCEP: What We Know So Far
China has been charging full speed with its digital currency development plans in response to Facebook’s Libra. China’s state-owned bank, the People’s Bank of China (PBoC) has been reportedly developing their own digital currency aimed to replace cash in circulation and was said to be ready in the coming months.
China and EU Trade Talks Included the Potential Cooperation of Central Bank Digital Currencies
The European Union and China recently had trade and economic discussions regarding topics including central bank digital currencies (CBDC) and supply chain.
World's First National Digital Currency to Be Built on Algorand
World’s First National Digital Currency to Be Built on Algorand
Tether Plans to Issue Stablecoin Backed by Chinese Yuan
Tether has been reportedly working on a new stablecoin pegged to the Chinese Yuan. The stablecoin project named “CNHT” came from the intention of Zhao Dong, one of the shareholders of the Bitfinex crypto exchange.
ECB to Meet the Growing Demand for Digital Payments with a CBDC Digital Euro
President of the ECB Christine Lagarde broached the topic of CBDC issuance and why the bank was seriously considering the creation of a digital euro.
NexChange Interview Series: Alicia Garcia-Herrero, Part 2
“Digital assets are the future. We just need time to get there.”
Jamaica to Launch Central Bank Digital Currency in 2022
Jamaica’s Minister of Finance Nigel Clarke has announced that the country intends to launch its central bank digital currency (CBDC) in 2022.
Whatsapp is Close to Launching Digital Payments in Indonesia
Whatsapp, the Facebook-owned messaging platform has been engaging in preliminary talks with multiple Fintech establishments to launch digital payments in Indonesia.
Galaxy Digital CEO Mike Novogratz Says Launch of Digital Euro Will Drive Bitcoin Adoption
Galaxy Digital CEO Mike Novogratz argues that central banks like the ECB launching their own digital currency could drive Bitcoin adoption further.
How Blockchain Technology is Shaping Digital Advertisements
There are thousands of ads everywhere, in our phones, applications, websites, there is hardly anywhere you would turn to (digitally) today without bumping into an ad, even when using ad blockers. According to Forbes, an average person is exposed to about 4,000 to 10,000 digital ads every day. They aren’t cheap; the standard ads we see every day on our phones cost billions.
European Central Bank President: Coronavirus Has Accelerated Digital Currency Adoption
COVID-19 has led to an acceleration in digital payments adoption and technological innovation, as seen by the spending pattern of European citizens.