host apps这里的host的意思是「携带,支持,支援,提供」,文章中也有对应的host 的具体英文解释“carry or support”,为了便于理解,host app 翻译成“上架app”digital yuan在这里的意思是「数字人民币」,yuan是人民币的货币单位,the ...
Central bank digital currencies (CBDCs)are regulated digital currencies issued by the central bank of a country. A CBDC can be a supplement ora replacement for a traditional fiat currency. Unlike fiat currency, which exists in both physical and digital form, a CBDC exists purely in digital form...
China’s digital yuan was seemingly born out of a desire to centralize a payment system dominated by the tech companies Alibaba and Tencent. According to its central bank, the digital currency, also known as the e-CNY, is both a risk-free alternative to these commercial platforms and a repl...
While the Chinese government is concerned about the uncertain impact of Facebook's blockchain-based Libra, the PBOC is preparing to roll out its own digital currency soon
BEIJING, Jan. 3 (Xinhua) -- China's digital fiat currency, or the e-CNY, has evolved into an ever-expanding presence in Chinese people's lives and has shown more charm thanks to growing application scenarios. Since its debut in late 2019, the digital yuan has been accessible in 10 Chin...
Below we answer some frequently asked questions about the e-CNY and the Chinese government’s intentions with the roll-out of the digital currency. What is e-CNY? The e-CNY, also known as the digital yuan and officially called the Digital Currency Electronic Payment (DC/EP), is a digitize...
China has gained a first-mover advantage by rolling out a central bank digital currency (CBDC). But the outcome will depend on the US response as well as the future evolution of the US and Chinese economies. Most other articles on this topic focus on domestic use of the Chinese CBDC. ...
Author: Jerry Dedmon Published Date: January 5, 2021 Leave a Comment on China’s Progress of Chinese Digital Yuan Although digital currency may be new to the majority of the countries around the world, yet it is not a new thing for China. As per stats even the lowest-class people in ...
CGTN screenshot of the "e-CNY (Pilot Version)" app The PBOC has carried out trials of the currency in 10 Chinese cities since late 2019, as well as the venues for the 2022 Beijing Winter Olympics. As of October 22, 2021, over 140 million personal digital yuan wallets ...
A visitor tries out a gaming machine that accepts payment with digital Chinese yuan (e-CNY) at the first China International Consumer Products Expo in Haikou, capital of south China's Hainan Province, on May 8, 2021. China's di...