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China’s central bank is steadily reducing its reliance on SWIFT & other global electronic payment systems.@RBI must adopt an agressive approach to innovation so that India’s indigenous payment systems - e.g. NEFT & @UPI_NPCI - can get ahead of the curvehttps://t.co/HHfOXkQz76
— Milind Deora मिलिंद देवरा (@milinddeora) August 14, 2020
China's central bank, which launched a pilot for its digital currency earlier this year, is now bringing it to its wealthiest cities, in a step forward for what would be the first electronic payment system backed by a major central bank.@evawxiao @QiLiyan https://t.co/D2O4lPuhyY
— Jonathan Cheng (@JChengWSJ) August 14, 2020
If the new currency, known by its internal shorthand “DC/EP,” or “digital currency/electronic payment,” is rolled out to the public, it would be the first electronic payment system launched by a major central bank https://t.co/ffxNUjhjvf
— The Wall Street Journal (@WSJ) August 14, 2020
China said it would expand a pilot program for its digital currency to include a number of large cities. Central banks have exhausted the bank mediation channel with rates in zero lower bound & central bank digital currencies are a powerful new tool https://t.co/QA38KxBljR
— Cate Long (@cate_long) August 14, 2020
China is said to be planning a major expansion of testing for its digital yuan across a number of more developed regions including Hong Kong.
— CoinDesk (@CoinDesk) August 14, 2020
Via @Dan_Z_Palmer https://t.co/Yy0kUYHRoa
China is planning a major expansion of testing for its Central Bank Digital Currency across a number of more developed regions including Hong Kong
— XRPcryptowolf (@XRPcryptowolf) August 14, 2020
The project team is hoping to be wrapped up with the new trials by the end of 2020https://t.co/yYM8B5FBWH
China sets trial run for digital yuan in top city hubs
— HoSaiLei???????????? (@hkbhkese) August 14, 2020
https://t.co/BWWRD3m7ys
#China hopes to expand its "digital yuan" amid rising concerns that the U.S. could try to throttle Beijing's access to the global, dollar-based financial system.https://t.co/7v6mLzkJL7
— Nikkei Asian Review (@NAR) August 14, 2020
China’s Commerce Ministry announced today that it will expand the trials of the nation’s central bank digital currency (CBDC) to include Beijing, as well as Tianjin and Hebei provinces.https://t.co/J9J4hfnnKR
— Michael (@val5linx) August 14, 2020
China sets trial run for digital yuan in top city hubs
— Charles Mok 莫乃光 (@charlesmok) August 14, 2020
Shanghai, Beijing, Guangzhou and Hong Kong added to pilot project amid US tensionshttps://t.co/Oe5UWseCNf
China's digital Yuan.
— Grady Booch (@Grady_Booch) August 14, 2020
Long term: bypass SWIFT for international funds transfers
Short term: a most excellent way for the country to track every financial transaction - no matter how small - for every citizen.https://t.co/5XorPwdyDZ
"China is set to expand its digital yuan testing to Beijing, Tianjin, and other ... provinces in the country."
— Matt "1700 HOURS OF COHEN'S TAPES" W (@diakopter) August 14, 2020
"The People’s Bank of China (PBoC) said it is intending to add the Tencent-backed food delivery giant Meituan Dianping"@thespybriefhttps://t.co/fexbnm6i7f
China to Extend Testing of Digital Yuan to Beijing, Tianjin and Others Areas #dogecoin https://t.co/Z4UXqUC90M
— Cryptocoin Empire (@CryptoCEmpire) August 14, 2020