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  2. Digital renminbi - Wikipedia

    en.wikipedia.org/wiki/Digital_renminbi

    [2] [3] The digital RMB is legal tender [4] and has equivalent value with other forms of renminbi, also known as the Chinese yuan (CNY), such as bills and coins. [2] The digital yuan is designed to move instantaneously in both domestic and international transactions. [2] [5] It aims to be cheaper and faster than existing financial transactions. [2]

  3. Why China’s digital yuan is only seeing ‘very modest’ usage ...

    www.aol.com/finance/why-china-digital-yuan-only...

    Adoption of the digital yuan (dubbed e-CNY) recently saw a major catalyst in the People’s Bank of China (PBOC) allowing foreign athletes and spectators at the Beijing 2022 Winter Olympics to use ...

  4. History of central bank digital currencies by country

    en.wikipedia.org/wiki/History_of_central_bank...

    Since 2014, China's central bank has been working on a project called DCEP (Digital Currency Electronic Payment) or digital renminbi, [8] often also referred to as the "digital yuan" as it would be backed by the yuan. [9] At the end of 2017, the China's central bank organized a number of banks and institutions to jointly develop the DCEP system.

  5. China's digital currency: e-CNY wallet nearly doubles user ...

    www.aol.com/news/chinas-digital-currency-e-cny...

    China's official digital yuan app, e-CNY, had 261 million unique users at the end of 2021, nearly twice what it had in October, even before it was released in app stores this month, according to a ...

  6. Central bank digital currency - Wikipedia

    en.wikipedia.org/wiki/Central_bank_digital_currency

    A central bank digital currency (CBDC; also called digital fiat currency [1] or digital base money [2]) is a digital currency issued by a central bank, [3] rather than by a commercial bank. It is also a liability of the central bank and denominated in the sovereign currency, [ 4 ] as is the case with physical banknotes and coins.

  7. China's digital yuan: e-CNY wallet tops download charts in ...

    www.aol.com/news/chinas-digital-yuan-e-cny...

    China's digital yuan wallet app has become one of the country's most downloaded apps within just a week of launching, a development that could disrupt a consumer payment market dominated by Alipay ...

  8. China's digital yuan gets fresh push from Beijing, but ... - AOL

    www.aol.com/news/chinas-digital-yuan-gets-fresh...

    New efforts from local Chinese authorities, banks and official media to promote the country's sovereign digital currency are helping bolster the e-CNY's visibility even as consumers struggle to ...

  9. Digital currency - Wikipedia

    en.wikipedia.org/wiki/Digital_currency

    Digital currency is a term that refers to a specific type of electronic currency with specific properties. Digital currency is also a term used to include the meta-group of sub-types of digital currency, the specific meaning can only be determined within the specific legal or contextual case.

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