Leading Chinese banks are promoting the digital yuan over Alipay and WeChat Pay for an upcoming shopping festival in China.
Some of China’s largest state banks are actively promoting the digital yuan as a superior means of payment to the country’s two leading payment providers, Alipay and WeChat Pay.In an April 26 report, Reuters revealed that six of China’s largest banks are promoting China’s nascent central bank-issued digital currency, or CBDC, in Shanghai ahead of an online shopping festival on May 5.The banks are urging retail outlets and consumers to download the digital wallet and make purchases using the CBDC, or e-CNY. This would bypass the current payment methods of choice for millions of shoppers – Ant Group’s Alipay and Tencent’s WeChat Pay.The report noted that one bank official appointed to CBDC trial’s rollout in Shanghai under the guidance of the People’s Bank of China specifically desc
MyEtherWallet founder notes two key aspects of Ethereum London hard fork
Ethereum’s London hard fork made a number of changes to the Ethereum blockchain. Ethereum underwent an upgrade on Thursday, bringing…
