The notion of China racing to launch a CBDC that will end U.S. monetary supremacy doesn't hold up if you look at the facts on the ground.
China’s CBDC is about domestic dominance, not beating the dollar
Jing’an Culture and Tourism Bureau is issuing blockchain-based discount coupons using its WeChat mini-program.
Shanghai’s Jing'an District issues blockchain-based discount coupons
China’s central bank may be planning to use its digital currency to curb the dominance of Alibaba and Tencent in the digital payments sector.
China’s Digital Yuan to Reportedly Target Dominance of Alibaba and Tencent
Chinese multinational tech group ByteDance is seeking a virtual banking license in Singapore as a means of entering digital finance.
Chinese Tech Group Behind TikTok Looks to Enter Finance
Crypto pundits believe that central bank digital currencies based on public-private partnerships could see the light of day much sooner, as many solutions under...
CBDCs With a Twist: The Public-Private Solutions Needed for Adoption
It’s designed to capture attention from high-profile people that others want to hear from.
New Tipbot Uses Cryptocurrency to Incentivize People to Answer Questions
Alipay is seeking to lure 44 million merchants with mini programs to expand services for the firm’s 900 million users.
Payment Giant Alipay Steps Up Game to Expand Beyond Payments