Crypto
WeChat, China’s Most Popular App, Adds Support for Digital Yuan
WeChat Pay adds support for CBDC payments, joining its rival Alipay.
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BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
Singapore's biggest bank DBS launched a solution that allows Chinese consumers to collect digital yuan payments.
WeChat Pay adds support for CBDC payments, joining its rival Alipay.
Demand for CBDC hard wallets in China has been disappointing so far, according to local reports.
Suzhou is the latest Chinese city to offer digital yuan loans to businesses, following the footprints of Shaanxi Province and the city of Guangzhou.
China will give out over $13.51 million to residents of various areas in an attempt to boost local consumption.
Chinese officials have hunted down a gang suspected of laundering money using the digital yuan.