April 19, 2024

The digital yuan is tested in credit cards

As the 8BTC Commons, the Chinese Central Bank is testing the Renminbi Analog (DCEP) in the Credit Card Agreement, whichPotentially able to provide more food for new users.

In connection with this, China has expanded the experimental zone of free trade, adding three more regions to the Zhejiang province.

The free trade zones will be part of the blockchain system of trade finance, based on the DLT platform of the trade finance price

In addition, it was announced by three largetest innovation project: national pilot project on digital credit reporting for small and micro-applications, supervised by innovations in the field of digital performance and

In addition, the Research Institute for Digitalvalyuty TSBK obedinilcya c kompaniey JD Digits, zanimayuscheycya int.epn.ete-topgovley for paboty nad ppodvizheniem texnologicheckoy DLT-platfopmy nA ocnove tsifpovogo yuanya (DCEP) and pilotnyx ppoektov, cvyazannyx onlayn- and oflayn c-c platezhami icpolzovaniem DCEP.

Pilot projects presuppose digital payouts for refilling transport credit cards, and will start all from the areas where the small ones are used.

According to China Banking News, a few days agoNBK announced that it has completed all necessary preparations for issuing its digital currency, also known as DCEP or CBDC (central bank digital currency). An article about this was published on September 19.

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