Connect with us

Plato Vertical Search

Blockchain

Digital E-Yuan to be Launched in Beijing Winter Olympics

Digital E-Yuan to be Formally Launched in Beijing Winter Olympics, Bitcoin Flat

China has been leading the race to develop its central bank digital currency (CBDC), with its digital yuan is officially going to be introduced in the upcoming Beijing Winter Olympics 2022.  This move makes China the largest country yet for a formal rollout of a central bank-backed digital currency. iPhone and Android App Now Available for e-CNY The beta version of the digital yuan wallet app went live on China’s Apple’s App Store and Android app stores on Tuesday. The move comes in preparation to allow the use of the e-CNY for foreign visitors during the Beijing Winter Olympics 2022. “The app, independent from other domestic bank apps, can directly provide a payment platform for users, while better serving the major scenarios of the Beijing Winter Olympics and expanding the profile of the yuan,” Wang Peng, assistant professor at the Gaoling School of Artificial Intelligence at the Renmin University of China, told the Global Times. Registration for the wallet has opened in major Chinese cities including Shenzhen, Suzhou, Xiongan, Chengdu, Shanghai, Hainan, Changsha, Xian, Qingdao, and Dalian, as well as venues of this year’s Winter Olympics, hosted by Beijing. Previously, only selected users could use the app on an invitation basis but now everyone can download the app. This comes in a push to get more people to use the digital currency. “The use of the digital currency at the Winter Olympics will pave the way for a large-scale national rollout in the next few years, alongside expanding its international profile,” Wang added. While the digital currency is still in the regular testing phase, it will be usable during this year’s Winter Olympics to enjoy a range of convenient services like transportation, catering, accommodation, shopping, and tourism.

The post Digital E-Yuan to be Launched in Beijing Winter Olympics appeared first on Cryptoknowmics-Crypto News and Media Platform.

Digital E-Yuan to be Formally Launched in Beijing Winter Olympics, Bitcoin Flat

China has been leading the race to develop its central bank digital currency (CBDC), with its digital yuan is officially going to be introduced in the upcoming Beijing Winter Olympics 2022.  This move makes China the largest country yet for a formal rollout of a central bank-backed digital currency. iPhone and Android App Now Available for e-CNY The beta version of the digital yuan wallet app went live on China’s Apple’s App Store and Android app stores on Tuesday. The move comes in preparation to allow the use of the e-CNY for foreign visitors during the Beijing Winter Olympics 2022. “The app, independent from other domestic bank apps, can directly provide a payment platform for users, while better serving the major scenarios of the Beijing Winter Olympics and expanding the profile of the yuan,” Wang Peng, assistant professor at the Gaoling School of Artificial Intelligence at the Renmin University of China, told the Global Times. Registration for the wallet has opened in major Chinese cities including Shenzhen, Suzhou, Xiongan, Chengdu, Shanghai, Hainan, Changsha, Xian, Qingdao, and Dalian, as well as venues of this year’s Winter Olympics, hosted by Beijing. Previously, only selected users could use the app on an invitation basis but now everyone can download the app. This comes in a push to get more people to use the digital currency. “The use of the digital currency at the Winter Olympics will pave the way for a large-scale national rollout in the next few years, alongside expanding its international profile,” Wang added. While the digital currency is still in the regular testing phase, it will be usable during this year’s Winter Olympics to enjoy a range of convenient services like transportation, catering, accommodation, shopping, and tourism.

The post Digital E-Yuan to be Launched in Beijing Winter Olympics appeared first on Cryptoknowmics-Crypto News and Media Platform.

Web3 Reimagined. Data Intelligence Amplified. Click here to access.

Source: https://www.cryptoknowmics.com/news/digital-e-yuan-to-be-launched-in-beijing-winter-olympics-bitcoin-flat/

Advertisement

Latest Blockchain Streams

Blockchain

SkyBridge Capital founder Anthony Scaramucci says that Algorand (ALGO) will challenge leading competitors in the crypto industry just as Google did in the early...

Blockchain

The post Big Gains Ahead For BTC, ETH, CRO and VET Price ! Here are the Next Levels To Watch appeared first on Coinpedia...

Blockchain

The post Cardano Price To Rally Beyound $1.6 , More Than 50% Rally On Horizon appeared first on Coinpedia - Fintech & Cryptocurreny News...

Blockchain

The post AAVE Price Poised For 5x Rally in 2022! What Traders Can Expect in Coming Days ? appeared first on Coinpedia - Fintech...