\nIn terms of investment, WeChat has made a significant impact on the Chinese market. It can be seen that this is a good opportunity to proceed with building a new trading system that focuses on cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>China Opens Blockchain Research Centre In Capital<\/a><\/p>\n","post_title":"Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chinese-platform-wechat-accept-payments-with-the-digital-yuan-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 17:21:15","post_modified_gmt":"2023-04-10 07:21:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10295","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>China Opens Blockchain Research Centre In Capital<\/a><\/p>\n","post_title":"Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chinese-platform-wechat-accept-payments-with-the-digital-yuan-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 17:21:15","post_modified_gmt":"2023-04-10 07:21:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10295","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP<\/a><\/p>\n\n\n\n See Related: <\/em><\/strong>China Opens Blockchain Research Centre In Capital<\/a><\/p>\n","post_title":"Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chinese-platform-wechat-accept-payments-with-the-digital-yuan-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 17:21:15","post_modified_gmt":"2023-04-10 07:21:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10295","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP<\/a><\/p>\n\n\n\n See Related: <\/em><\/strong>China Opens Blockchain Research Centre In Capital<\/a><\/p>\n","post_title":"Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chinese-platform-wechat-accept-payments-with-the-digital-yuan-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 17:21:15","post_modified_gmt":"2023-04-10 07:21:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10295","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP<\/a><\/p>\n\n\n\n See Related: <\/em><\/strong>China Opens Blockchain Research Centre In Capital<\/a><\/p>\n","post_title":"Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chinese-platform-wechat-accept-payments-with-the-digital-yuan-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 17:21:15","post_modified_gmt":"2023-04-10 07:21:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10295","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP<\/a><\/p>\n\n\n\n See Related: <\/em><\/strong>China Opens Blockchain Research Centre In Capital<\/a><\/p>\n","post_title":"Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chinese-platform-wechat-accept-payments-with-the-digital-yuan-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 17:21:15","post_modified_gmt":"2023-04-10 07:21:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10295","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
WeChat has moved to support the development of China's CBDC, adding a payment method using the digital yuan, e-CNY.<\/p>\n\n\n\n See Related: <\/em><\/strong>Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP<\/a><\/p>\n\n\n\n See Related: <\/em><\/strong>China Opens Blockchain Research Centre In Capital<\/a><\/p>\n","post_title":"Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chinese-platform-wechat-accept-payments-with-the-digital-yuan-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 17:21:15","post_modified_gmt":"2023-04-10 07:21:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10295","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Standard Chartered has now become one of the first foreign entities to join the CBDC\u2019s<\/a> business pilot. In May, BNP Paribas joined and promoted the Chinese digital currency, linking its corporate clients\u2019 wallets with their bank accounts.\u00a0<\/p>\n","post_title":"Standard Chartered Joins e-CNY Pilot Tests, To Offer Digital Yuan Exchange Services\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"standard-chartered-joins-e-cny-pilot-tests-to-offer-digital-yuan-exchange-services","to_ping":"","pinged":"","post_modified":"2023-12-13 22:30:28","post_modified_gmt":"2023-12-13 11:30:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10295,"post_author":"16","post_date":"2023-03-09 12:14:53","post_date_gmt":"2023-03-09 01:14:53","post_content":"\n WeChat has moved to support the development of China's CBDC, adding a payment method using the digital yuan, e-CNY.<\/p>\n\n\n\n See Related: <\/em><\/strong>Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP<\/a><\/p>\n\n\n\n See Related: <\/em><\/strong>China Opens Blockchain Research Centre In Capital<\/a><\/p>\n","post_title":"Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chinese-platform-wechat-accept-payments-with-the-digital-yuan-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 17:21:15","post_modified_gmt":"2023-04-10 07:21:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10295","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The digital yuan, or e-CNY, has been the most advanced central bank digital currency in the leading economies. As of June 2023, the digital currency saw over 1.8 trillion yuan or $250 billion in transaction volumes. The number of wallets for e-CNY transactions has risen to over 120 million. <\/p>\n\n\n\n Standard Chartered has now become one of the first foreign entities to join the CBDC\u2019s<\/a> business pilot. In May, BNP Paribas joined and promoted the Chinese digital currency, linking its corporate clients\u2019 wallets with their bank accounts.\u00a0<\/p>\n","post_title":"Standard Chartered Joins e-CNY Pilot Tests, To Offer Digital Yuan Exchange Services\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"standard-chartered-joins-e-cny-pilot-tests-to-offer-digital-yuan-exchange-services","to_ping":"","pinged":"","post_modified":"2023-12-13 22:30:28","post_modified_gmt":"2023-12-13 11:30:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10295,"post_author":"16","post_date":"2023-03-09 12:14:53","post_date_gmt":"2023-03-09 01:14:53","post_content":"\n WeChat has moved to support the development of China's CBDC, adding a payment method using the digital yuan, e-CNY.<\/p>\n\n\n\n See Related: <\/em><\/strong>Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP<\/a><\/p>\n\n\n\n See Related: <\/em><\/strong>China Opens Blockchain Research Centre In Capital<\/a><\/p>\n","post_title":"Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chinese-platform-wechat-accept-payments-with-the-digital-yuan-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 17:21:15","post_modified_gmt":"2023-04-10 07:21:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10295","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The digital yuan, or e-CNY, has been the most advanced central bank digital currency in the leading economies. As of June 2023, the digital currency saw over 1.8 trillion yuan or $250 billion in transaction volumes. The number of wallets for e-CNY transactions has risen to over 120 million. <\/p>\n\n\n\n Standard Chartered has now become one of the first foreign entities to join the CBDC\u2019s<\/a> business pilot. In May, BNP Paribas joined and promoted the Chinese digital currency, linking its corporate clients\u2019 wallets with their bank accounts.\u00a0<\/p>\n","post_title":"Standard Chartered Joins e-CNY Pilot Tests, To Offer Digital Yuan Exchange Services\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"standard-chartered-joins-e-cny-pilot-tests-to-offer-digital-yuan-exchange-services","to_ping":"","pinged":"","post_modified":"2023-12-13 22:30:28","post_modified_gmt":"2023-12-13 11:30:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10295,"post_author":"16","post_date":"2023-03-09 12:14:53","post_date_gmt":"2023-03-09 01:14:53","post_content":"\n WeChat has moved to support the development of China's CBDC, adding a payment method using the digital yuan, e-CNY.<\/p>\n\n\n\n See Related: <\/em><\/strong>Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP<\/a><\/p>\n\n\n\n See Related: <\/em><\/strong>China Opens Blockchain Research Centre In Capital<\/a><\/p>\n","post_title":"Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chinese-platform-wechat-accept-payments-with-the-digital-yuan-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 17:21:15","post_modified_gmt":"2023-04-10 07:21:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10295","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related:<\/strong><\/em> Chinese Platform WeChat Accepts Payments With The Digital Yuan CBDC<\/a><\/p>\n\n\n\n The digital yuan, or e-CNY, has been the most advanced central bank digital currency in the leading economies. As of June 2023, the digital currency saw over 1.8 trillion yuan or $250 billion in transaction volumes. The number of wallets for e-CNY transactions has risen to over 120 million. <\/p>\n\n\n\n Standard Chartered has now become one of the first foreign entities to join the CBDC\u2019s<\/a> business pilot. In May, BNP Paribas joined and promoted the Chinese digital currency, linking its corporate clients\u2019 wallets with their bank accounts.\u00a0<\/p>\n","post_title":"Standard Chartered Joins e-CNY Pilot Tests, To Offer Digital Yuan Exchange Services\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"standard-chartered-joins-e-cny-pilot-tests-to-offer-digital-yuan-exchange-services","to_ping":"","pinged":"","post_modified":"2023-12-13 22:30:28","post_modified_gmt":"2023-12-13 11:30:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10295,"post_author":"16","post_date":"2023-03-09 12:14:53","post_date_gmt":"2023-03-09 01:14:53","post_content":"\n WeChat has moved to support the development of China's CBDC, adding a payment method using the digital yuan, e-CNY.<\/p>\n\n\n\n See Related: <\/em><\/strong>Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP<\/a><\/p>\n\n\n\n See Related: <\/em><\/strong>China Opens Blockchain Research Centre In Capital<\/a><\/p>\n","post_title":"Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chinese-platform-wechat-accept-payments-with-the-digital-yuan-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 17:21:15","post_modified_gmt":"2023-04-10 07:21:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10295","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
e-CNY is currently being pilot-tested in 26 Chinese cities and provinces. Standard Chartered targets plot tests of the digital yuan in cross-border payments, supply chain, and trade financing. The move comes when China is championing for businesses to drive the uptake<\/a> of e-CNY. Recently, the Chinese central bank launched a B2B digital renminbi platform to streamline cross-border functions.\u00a0<\/p>\n\n\n\n See Related:<\/strong><\/em> Chinese Platform WeChat Accepts Payments With The Digital Yuan CBDC<\/a><\/p>\n\n\n\n The digital yuan, or e-CNY, has been the most advanced central bank digital currency in the leading economies. As of June 2023, the digital currency saw over 1.8 trillion yuan or $250 billion in transaction volumes. The number of wallets for e-CNY transactions has risen to over 120 million. <\/p>\n\n\n\n Standard Chartered has now become one of the first foreign entities to join the CBDC\u2019s<\/a> business pilot. In May, BNP Paribas joined and promoted the Chinese digital currency, linking its corporate clients\u2019 wallets with their bank accounts.\u00a0<\/p>\n","post_title":"Standard Chartered Joins e-CNY Pilot Tests, To Offer Digital Yuan Exchange Services\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"standard-chartered-joins-e-cny-pilot-tests-to-offer-digital-yuan-exchange-services","to_ping":"","pinged":"","post_modified":"2023-12-13 22:30:28","post_modified_gmt":"2023-12-13 11:30:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10295,"post_author":"16","post_date":"2023-03-09 12:14:53","post_date_gmt":"2023-03-09 01:14:53","post_content":"\n WeChat has moved to support the development of China's CBDC, adding a payment method using the digital yuan, e-CNY.<\/p>\n\n\n\n See Related: <\/em><\/strong>Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP<\/a><\/p>\n\n\n\n See Related: <\/em><\/strong>China Opens Blockchain Research Centre In Capital<\/a><\/p>\n","post_title":"Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chinese-platform-wechat-accept-payments-with-the-digital-yuan-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 17:21:15","post_modified_gmt":"2023-04-10 07:21:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10295","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
e-CNY is currently being pilot-tested in 26 Chinese cities and provinces. Standard Chartered targets plot tests of the digital yuan in cross-border payments, supply chain, and trade financing. The move comes when China is championing for businesses to drive the uptake<\/a> of e-CNY. Recently, the Chinese central bank launched a B2B digital renminbi platform to streamline cross-border functions.\u00a0<\/p>\n\n\n\n See Related:<\/strong><\/em> Chinese Platform WeChat Accepts Payments With The Digital Yuan CBDC<\/a><\/p>\n\n\n\n The digital yuan, or e-CNY, has been the most advanced central bank digital currency in the leading economies. As of June 2023, the digital currency saw over 1.8 trillion yuan or $250 billion in transaction volumes. The number of wallets for e-CNY transactions has risen to over 120 million. <\/p>\n\n\n\n Standard Chartered has now become one of the first foreign entities to join the CBDC\u2019s<\/a> business pilot. In May, BNP Paribas joined and promoted the Chinese digital currency, linking its corporate clients\u2019 wallets with their bank accounts.\u00a0<\/p>\n","post_title":"Standard Chartered Joins e-CNY Pilot Tests, To Offer Digital Yuan Exchange Services\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"standard-chartered-joins-e-cny-pilot-tests-to-offer-digital-yuan-exchange-services","to_ping":"","pinged":"","post_modified":"2023-12-13 22:30:28","post_modified_gmt":"2023-12-13 11:30:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10295,"post_author":"16","post_date":"2023-03-09 12:14:53","post_date_gmt":"2023-03-09 01:14:53","post_content":"\n WeChat has moved to support the development of China's CBDC, adding a payment method using the digital yuan, e-CNY.<\/p>\n\n\n\n See Related: <\/em><\/strong>Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP<\/a><\/p>\n\n\n\n See Related: <\/em><\/strong>China Opens Blockchain Research Centre In Capital<\/a><\/p>\n","post_title":"Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chinese-platform-wechat-accept-payments-with-the-digital-yuan-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 17:21:15","post_modified_gmt":"2023-04-10 07:21:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10295","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\u00a0\u201cAs an international bank rooted in the Chinese market for 165 years, Standard Chartered is optimistic about the development prospects of digital Renminbi.\u201d<\/em><\/p>\n\n\n\n e-CNY is currently being pilot-tested in 26 Chinese cities and provinces. Standard Chartered targets plot tests of the digital yuan in cross-border payments, supply chain, and trade financing. The move comes when China is championing for businesses to drive the uptake<\/a> of e-CNY. Recently, the Chinese central bank launched a B2B digital renminbi platform to streamline cross-border functions.\u00a0<\/p>\n\n\n\n See Related:<\/strong><\/em> Chinese Platform WeChat Accepts Payments With The Digital Yuan CBDC<\/a><\/p>\n\n\n\n The digital yuan, or e-CNY, has been the most advanced central bank digital currency in the leading economies. As of June 2023, the digital currency saw over 1.8 trillion yuan or $250 billion in transaction volumes. The number of wallets for e-CNY transactions has risen to over 120 million. <\/p>\n\n\n\n Standard Chartered has now become one of the first foreign entities to join the CBDC\u2019s<\/a> business pilot. In May, BNP Paribas joined and promoted the Chinese digital currency, linking its corporate clients\u2019 wallets with their bank accounts.\u00a0<\/p>\n","post_title":"Standard Chartered Joins e-CNY Pilot Tests, To Offer Digital Yuan Exchange Services\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"standard-chartered-joins-e-cny-pilot-tests-to-offer-digital-yuan-exchange-services","to_ping":"","pinged":"","post_modified":"2023-12-13 22:30:28","post_modified_gmt":"2023-12-13 11:30:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10295,"post_author":"16","post_date":"2023-03-09 12:14:53","post_date_gmt":"2023-03-09 01:14:53","post_content":"\n WeChat has moved to support the development of China's CBDC, adding a payment method using the digital yuan, e-CNY.<\/p>\n\n\n\n See Related: <\/em><\/strong>Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP<\/a><\/p>\n\n\n\n See Related: <\/em><\/strong>China Opens Blockchain Research Centre In Capital<\/a><\/p>\n","post_title":"Chinese Platform WeChat Accept Payments With The Digital Yuan CBDC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chinese-platform-wechat-accept-payments-with-the-digital-yuan-cbdc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 17:21:15","post_modified_gmt":"2023-04-10 07:21:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10295","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Standard Chartered has joined the trials of Chinese digital yuan, according to an announcement<\/a> on Monday. The bank\u2019s China division is collaborating with the City Bank Clearing Services Ltd. to allow its clients to buy, redeem, and exchange digital currency. Xiaolei Zhang, president of Standard Chartered China, said,<\/p>\n\n\n\n \u00a0\u201cAs an international bank rooted in the Chinese market for 165 years, Standard Chartered is optimistic about the development prospects of digital Renminbi.\u201d<\/em><\/p>\n\n\n\n e-CNY is currently being pilot-tested in 26 Chinese cities and provinces. Standard Chartered targets plot tests of the digital yuan in cross-border payments, supply chain, and trade financing. The move comes when China is championing for businesses to drive the uptake<\/a> of e-CNY. Recently, the Chinese central bank launched a B2B digital renminbi platform to streamline cross-border functions.\u00a0<\/p>\n\n\n\n See Related:<\/strong><\/em> Chinese Platform WeChat Accepts Payments With The Digital Yuan CBDC<\/a><\/p>\n\n\n\n The digital yuan, or e-CNY, has been the most advanced central bank digital currency in the leading economies. As of June 2023, the digital currency saw over 1.8 trillion yuan or $250 billion in transaction volumes. The number of wallets for e-CNY transactions has risen to over 120 million. <\/p>\n\n\n\n Standard Chartered has now become one of the first foreign entities to join the CBDC\u2019s<\/a> business pilot. In May, BNP Paribas joined and promoted the Chinese digital currency, linking its corporate clients\u2019 wallets with their bank accounts.\u00a0<\/p>\n","post_title":"Standard Chartered Joins e-CNY Pilot Tests, To Offer Digital Yuan Exchange Services\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"standard-chartered-joins-e-cny-pilot-tests-to-offer-digital-yuan-exchange-services","to_ping":"","pinged":"","post_modified":"2023-12-13 22:30:28","post_modified_gmt":"2023-12-13 11:30:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10295,"post_author":"16","post_date":"2023-03-09 12:14:53","post_date_gmt":"2023-03-09 01:14:53","post_content":"\n WeChat has moved to support the development of China's CBDC, adding a payment method using the digital yuan, e-CNY.<\/p>\n\n\n\n See Related: <\/em><\/strong>Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP<\/a><\/p>\n\n\n\n
ADVERTISEMENT
\n
<\/li>\n\n\n\n
ADVERTISEMENT
\n
<\/li>\n\n\n\n
ADVERTISEMENT
\n
<\/li>\n\n\n\n
ADVERTISEMENT
<\/li>\n\n\n\n\n
<\/li>\n\n\n\n
ADVERTISEMENT
\n
<\/li>\n\n\n\n\n
<\/li>\n\n\n\n
ADVERTISEMENT
\n
<\/li>\n\n\n\n\n
<\/li>\n\n\n\n
ADVERTISEMENT
\n
<\/li>\n\n\n\n\n
<\/li>\n\n\n\n
ADVERTISEMENT
\n
<\/li>\n\n\n\n\n
<\/li>\n\n\n\n
ADVERTISEMENT
Most Advanced CBDC In Major Economies<\/h2>\n\n\n\n
\n
<\/li>\n\n\n\n\n
<\/li>\n\n\n\n
ADVERTISEMENT
Most Advanced CBDC In Major Economies<\/h2>\n\n\n\n
\n
<\/li>\n\n\n\n\n
<\/li>\n\n\n\n
ADVERTISEMENT
Most Advanced CBDC In Major Economies<\/h2>\n\n\n\n
\n
<\/li>\n\n\n\n\n
<\/li>\n\n\n\n
ADVERTISEMENT
Standard Chartered Cross-Border Payments<\/h2>\n\n\n\n
Most Advanced CBDC In Major Economies<\/h2>\n\n\n\n
\n
<\/li>\n\n\n\n\n
<\/li>\n\n\n\n
ADVERTISEMENT
Standard Chartered Cross-Border Payments<\/h2>\n\n\n\n
Most Advanced CBDC In Major Economies<\/h2>\n\n\n\n
\n
<\/li>\n\n\n\n\n
<\/li>\n\n\n\n
ADVERTISEMENT
Standard Chartered Cross-Border Payments<\/h2>\n\n\n\n
Most Advanced CBDC In Major Economies<\/h2>\n\n\n\n
\n
<\/li>\n\n\n\n\n
<\/li>\n\n\n\n