Payment system news

Digital yuan to be tested at the 2022 Olympics

The head of the monetary policy department of the Central Bank of China, Sun Guofeng, said that the authorities intend to test the national cryptocurrency during the Olympic Games in Beijing in 2022. Writes about this edition of Reuters. Recently, the geography of testing the digital asset has been expanded and now affects areas such as Chengdu and Xiong’an, Hebei and Guangdong provinces, but the exact dates of the launch of the cryptocurrency are still not named.

It should be noted that the central bank attracts companies working in various fields to research a new trading instrument: taxi and delivery services, hotels, fast food restaurants. But the information on the use of cryptocurrency in large real estate transactions in Shenzhen has not been confirmed.

Рустам Алиев

Recent Posts

Breaking: Vitalik Buterin Declares Ethereum Is No Longer Just A Blockchain

The Ethereum blockchain is evolving from a traditional blockchain into a qualitatively different cryptographic world…

49 minutes ago

Zcash (ZEC) To Hit $5,000 By The End Of 2026: Co-founder

Zcash co-founder has unveiled an ambitious price target for the private cryptocurrency by the end…

24 hours ago

Bitcoin To Hit $300,000 By 2029, Says Fidelity Global Macro‬

Bitcoin price predictions are rolling in as the market prepares to enter the 4th quarter.…

1 day ago

Jumper to Launch JUMP Token Sale on Legion as it Spins Out to Build the Super-App for Onchain Finance

With more than $40 billion in lifetime volume and over 100,000 monthly active users, Jumper…

3 days ago

Renewed Whale Activity Puts PEPE Bulls Back in Focus at $0.0000044 — Here’s What’s Driving It

Pepe is drawing significant interest from traders entering the meme coin market, attracted by renewed…

3 days ago

Stellar Gets A Place on CME’s Crypto Futures; What Does This Mean For XLM?

Stellar network continues to garner greater investor trust in public-chain performance. This comes as CME Group today…

3 days ago