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Airline tickets and CryptoYuan

The Crypto Yuan was first used in China to buy plane tickets, and Spring Airlines began accepting this form of payment in Shanghai. The first ticket paid in CryptoYuan, worth ¥ 560 (about $ 86), was purchased on a Shanghai-Shenzhen flight, marking the beginning of the use of Chinese cryptocurrency…

What will happen to Bitcoin and mining in China?

Last October, Xi Jinping stated that the development of blockchain technology is one of the priorities of the Chinese government. By that time, it was already known that in the territory of the Middle Kingdom, since 2014, a state cryptocurrency was being developed with the support of the People’s Bank…

Chinese banks want to test CryptoYuan at Shanghai`s shopping centers.

Shanghai New World City and Daimaru New World, as well as food provider Taikang Food Store, processed thousands of digital RMB transactions over the weekend, Shanghai Daily reported. As part of the trial, retailers introduced e-payments in RMB as part of a sales campaign to mark International Women’s Day. Shanghai…

Another CryptoYuan testing in Suzhou

The Suzhou authorities in China introduced the next round of Crypto Yuan testing. In total, about $ 5 million will be distributed among citizens. According to financial experts will now check the end-to-end infrastructure for future Crypto Yuan transactions.This year, 150 thousand Suzhou residents will be involved in testing a…

CryptoYuan hardware wallet

Last week News.cn published photos of a CryptoYuan hardware wallet that does not require a smartphone. Despite rapid economic development, about 38% of China’s population still does not use smartphones. That is, about 680 million people will not be able to use government cryptocurrency functions that are available on smartphones.…

CryptoYuan in JD.com store

Chinese e-commerce giant JD.com has added support for the crypto yuan. Crypto yuan can be used to pay for a range of goods in the online store of the retail chain JD Digits. We will remind, earlier the authorities of Suzhou announced a lottery of 20 million crypto yuan (~…

CryptoYuan digital wallet registration

China Construction Bank has opened a crypto-yuan digital wallet registration and users can now apply for it in the bank's app. Currently, the wallet supports credit card balance replenishment, QR code scanning and payment, as well as transfers.

China Plans to Test Crypto Yuan on Food Delivery

China’s central bank is planning to test its digital currency on platforms operated by Meituan Dianping, enlisting the food delivery giant backed by Tencent Holdings Ltd. in a major step toward the token’s mass adoption. Meituan has been in talks with a research wing of the People’s Bank of China…

СryptoYuan on its way in China

Last week in the cryptocurrency market has become a test for the bulls. Market growth, which continued over the past few weeks, was called into question in the middle of the last reporting period. On the night of February 15-16, the cost of the “first cryptocurrency” fell below the $ 10,000 mark,…

CryptoYuan

China has launched a national blockchain platform that will allow the introduction of state cryptocurrency. The first payments in CryptoYuan will be made in July. While this will take place in test mode. Beijing has serious intentions. Although the Central Bank has not yet officially confirmed the Crypto-Yuan implementation schedule, it is expected…

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