The central bank has no plans to launch a digital fiat yet.

An affiliate of Alibaba, Ant Group is on the path of becoming the first major privately run businesses to work with the trials of Digital Yuan of China.

The People’s Bank of China (PBOC) is inching closer to becoming the first major central bank to launch a sovereign digital currency. The bank has rolled out several ambitious pilot programs in recent months in a bid to test how the digital currency, dubbed the digital Yuan, would work in real life. Heading to theRead More

Alibaba’s Ant Group, the official partner of China’s PBoc for its Digital Yuan has started working on digital currency trials involving other stakeholders within the country. China’s online-only bank MYbank, wherein Ant Group holds a 30% stake, is the latest to join the trials and will allow some of its users to link their bank

The post Alibaba’s Ant Group to Allow Online Bank MYBank Test China’s CBDC Digital Yuan appeared first on Coingape.

The central bank of Georgia has revealed that it is assessing whether to launch a central bank digital currency (CBDC). If the bank goes ahead, it will join countries like China, Japan, and many others. The National Bank of Georgia said this week it was considering launching a digital Lari, which it hoped would help […]

After enough internal testing locally, the Chinese central bank – The People’s Bank of China (PBoC) – is all set to take its CBDC Digital Yuan global. As per the recent report from the South China Morning Post, the payments giant Mastercard is currently in talks with PBoC to facilitate the cross-border transactions for Digital

The post MasterCard In Talks With China’s Central Bank to Support Global “Digital Yuan” Transactions appeared first on Coingape.

Alibaba’s Ant Group has partnered with PBoC to support e-CNY. It will be an excellent move for the country towards pushing for the adoption of [...]

Think about it this way: “It would be a mistake to think the internet won’t do to money the same thing it’s done to communications. When was the last time you wrote a letter, as opposed to sending a mail, [look also at] what it did to photography; when was the last time you took […]

Alibaba to provide support for China’s Central bank and its Digital Yuan project according to a report by VOA news as we can see more in our latest crypto news today. Alibaba Group’s affiliate Ant Group signed a partnership with People’s Bank of China and the partners will work to build a platform for the […]

Since the outbreak of the coronavirus in its central city of Wuhan, China became a target of blame by the world. While Beijing hosts the 2022 Winter Olympic Games next February, it is doubted that many will visit the Asian country. This puts the plan to present the digital yuan to the world at stake.

According to the Reuters report, the private-sector pilots initially will be funded by Accenture Plc and involve financial firms, retailers, and NGOs, among others. The plan is to generate data that could help the United States policymakers develop a digital dollar. A partnership between Accenture and the Digital Dollar Foundation, the Digital Dollar Project, was […]

Read full post Digital Dollar Project to launch five CBDC pilots over the next 12 months. on Chaintimes.com.