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3232Beijing Presses Fast-Food Chain McDonald’s to Support Digital Yuan — China’s CBDC Expected to Launch in February
https://www.digit.info/beijing-presses-fast-food-chain-mcdonalds-to-support-digital-yuan-chinas-cbdc-expected-to-launch-in-february/
Sun, 24 Oct 2021 17:30:34 +0000https://www.digit.info/2021/10/24/beijing-presses-fast-food-chain-mcdonalds-to-support-digital-yuan-chinas-cbdc-expected-to-launch-in-february/Read more]]>According to a recent report, Beijing is pressing the fast-food retail chain McDonald’s to support the digital yuan before the Winter Olympics in China scheduled for February 2022. The report notes that China is also pushing companies like Visa and Nike to join in on the central bank digital currency (CBDC) rollout. Chinese Government Pushes […]
]]>China Has Dispersed Over $40 Million of Digital Yuan in Red Envelopes, Report Reveals
https://www.digit.info/china-has-dispersed-over-40-million-of-digital-yuan-in-red-envelopes-report-reveals/
Sun, 11 Jul 2021 16:30:47 +0000https://www.digit.info/2021/07/11/china-has-dispersed-over-40-million-of-digital-yuan-in-red-envelopes-report-reveals/Read more]]>China, which has arguably the most advanced digital currency project among leading nations, has so far handed out more than $40 million in red envelopes with digital yuan. The promotional campaign for the CBDC is currently focused on five major cities, taking into account their regional development priorities. Beijing Gives Away 269 Million Yuan in […]
]]>Beijing and Suzhou Railways Now Accept Digital Yuan Payments for Ride Fares
https://www.digit.info/beijing-and-suzhou-railways-now-accept-digital-yuan-payments-for-ride-fares/
Thu, 01 Jul 2021 07:30:54 +0000https://www.digit.info/2021/07/01/beijing-and-suzhou-railways-now-accept-digital-yuan-payments-for-ride-fares/Read more]]>Beijing subway has officially launched a new program that allows passengers to pay for rides with the central bank digital currency (CBDC) also known as the digital yuan. The news follows the subway system in East China’s Jiangsu province in the city of Suzhou which also allows digital yuan payments for subway fares. Digital Yuan […]
]]>Shanghai to Hand Out $3 Million in Digital Yuan Lottery
https://www.digit.info/shanghai-to-hand-out-3-million-in-digital-yuan-lottery/
Sun, 06 Jun 2021 09:30:37 +0000https://www.digit.info/2021/06/06/shanghai-to-hand-out-3-million-in-digital-yuan-lottery/Read more]]>As part of government efforts to get the digital yuan going, authorities in Shanghai will distribute $3 million worth of the central bank-issued currency among residents of Shanghai. The digital money will be dispersed through a lottery, a method that has already been implemented elsewhere in China. Lottery Winners to Get 350,000 Digital Red Envelopes […]
]]>Beijing to Disperse $6 Million in Digital Yuan in a Red Envelope Lottery
https://www.digit.info/beijing-to-disperse-6-million-in-digital-yuan-in-a-red-envelope-lottery/
Thu, 03 Jun 2021 03:30:24 +0000https://www.digit.info/2021/06/03/beijing-to-disperse-6-million-in-digital-yuan-in-a-red-envelope-lottery/Read more]]>China’s central bank digital currency (CBDC) continues to gain further ground as the Beijing Local Financial Supervision and Administration Bureau revealed 40 million worth of the country’s digital yuan ($6.3 million) will be distributed to Chinese citizens. Beijing and China’s Central Bank Launches Digital Yuan Lottery The People’s Bank of China (PBoC) and Beijing Local […]
]]>Red Envelopes and BCH: Prominent Mining Execs Jiang Zhuoer and Jihan Wu Bolster Bitcoin Cash
https://www.digit.info/red-envelopes-and-bch-prominent-mining-execs-jiang-zhuoer-and-jihan-wu-bolster-bitcoin-cash/
Sun, 14 Feb 2021 18:30:41 +0000https://www.digit.info/2021/02/14/red-envelopes-and-bch-prominent-mining-execs-jiang-zhuoer-and-jihan-wu-bolster-bitcoin-cash/Read more]]>In recent days, bitcoin cash has seen significant gains, and supporters of the digital currency have been positive about specific developments, like the internet entrepreneur Kim Dotcom’s current support. On February 11, the Chinese New Year, the prominent bitcoin mining executives, Jiang Zhuoer and Jihan Wu joined a Satoshi’s Angels discussion channel and spoke favorably […]