At the same time, China’s world-beating digital yuan has got off to a slow start. The People’s Bank of China reported that its official eCNY app had 261 million users at the end of 2021, and ...

China is operating increasingly on a cashless basis. In 2020, cashless transactions amounted to US$49 trillion, accounting for every four out of five payment transactions.

China's official app for digital yuan is seen on a mobile phone next to 100-yuan banknotes in this illustration picture taken on Oct 16, 2020. [Photo/Agencies] In concept, digital currency and ...

MIT Technology Review’s What’s Next series looks across industries, trends, and technologies to give you a first look at the future. You can read the rest of our series here. China’s digital ...

China wants to break the US dollar’s stranglehold on the global financial system and gain greater control over how people spend their money. It’s hoping a digital currency could deliver both. ...

2021-04-26 01:32:51 GMT+00:00 - Shanghai - In China’s commercial hub Shanghai, six big state banks are quietly promoting digital yuan ahead of a May 5 shopping festival, carrying out a political ...

U.S. payment companies finally appear to be gaining some traction in China, but how—and when—that foothold will develop is still unknown. China, as the world’s second-largest economy, has long been an ...

Former PBoC head Xiaochuan Zhou says the digital yuan will enable retail payments first, but might need a different technical design for cross-border payments. BTC $83,752.92-2.05 % ETH ...

China is on track to account for over 37% of global digital commerce payments by TX value by 2026, Juniper Research reports. Digital commerce is a major engine of the global economy.

China's central bank said on Friday it will explore cross-border payments in digital yuan, and is willing to discuss setting global standards for digital fiat currency to jointly develop the ...

That figure rose to 1.23 billion transactions in May, and increased again to 1.34 billion in June, showing the importance of digital payments in today’s environment.