digital currency
Alipay starts testing support for e-CNY
Alipay connects more than 80 million merchants and over 2,000 financial institution partners, with over 1 billion users in China.
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China's central bank says it will consider using e-CNY for cross-border payments when conditions are right
The e-CNY, China's digital currency, will be used for cross-border payments when conditions are ripe to meet market demand, a Chinese central bank official said on April 1.
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China's e-CNY pilot has seen 10 million people participate
China's e-CNY has run seven rounds of pilots in Shenzhen, Suzhou, Beijing, and Chengdu, distributing a total of RMB150 million ($22.88 million) in digital money.
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China's central bank official says e-CNY to coexist with Alipay and WeChat Pay
If Alipay and WeChat experience technical or financial failures, it could have a negative impact on the stability of China's financial system, he said.
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Chinese central bank official explains how e-CNY handles user privacy
E-CNY, China's digital currency, features "controlled anonymity," a Chinese central bank official said recently.
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Hong Kong, mainland cooperate in testing digital RMB
The Hong Kong Monetary Authority is working with the Digital Currency Research Institute of the People's Bank of China to test cross-border payment technologies using digital RMB a
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Suzhou to launch second digital RMB gift money distribution worth RMB 30 million
Suzhou, a city in eastern China, will launch its second digital RMB gift money distribution of RMB 30 million yuan on February 5, each amounting to RMB 200, for a total of 150,000
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Beijing starts first test of Digital RMB
A coffee shop in Beijing has begun accepting payments in Digital RMB, the first test of the digital currency application scenario in the Chinese capital.
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Suzhou begins digital RMB pilot program, will give out RMB 20 million gift money
A total of 100,000 gift money in the form of a so-called "Red Envelop" of RMB 200 each will be available to all eligible Suzhou residents starting at 20:00 on December 11.
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After Shenzhen, another Chinese city to launch digital RMB gift money test
China's Suzhou city will launch a pilot program of giving digital RMB gift money during the December 12 shopping festival, an upgrade from Shenzhen.
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