Leading Chinese banks are promoting the digital yuan over Alipay and WeChat Pay for an upcoming shopping festival in China.
Top Chinese banks promote CBDC over local payment firms for shopping festival
Alibaba’s Alipay and Tencent’s WeChat Pay reportedly account for 98% of the mobile payment market in China.
China’s digital yuan is backup to AliPay and WeChat Pay, says official
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