Top Chinese banks promote CBDC over local payment firms for shopping festival

Top Chinese banks promote CBDC over local payment firms for shopping festival

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....


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Chinese banks tell staff to recruit up to 300 new digital yuan users each

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Why Chinese Banks Are Adding Digital Yuan To Apps? Here’s What You Need To Know

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Chinese retail giant JD accepts digital yuan payments for Singles Day

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Berlin to host the First Film Festival about Bitcoin

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