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China Begins Offline Trials of CBDC Payments Via SIM Cards

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[ad_1] China, despite its stern anti-crypto stance, is among the fastest growing examples of how big economies can experiment with CBDCs. The Bank of China is now testing an offline payment system which would work in integration with SIM cards. A new fintech tool, Central Bank Digital Currencies (CBDCs) are the blockchain representation of fiat … Read more

China’s e-CNY to Become Salary Payment Mode for Civil Servants in Changshu

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[ad_1] China is among the largest nations in the world, that is experimenting extensively with its CBDC initiative. In a fresh development, China’s Changshu city has reportedly decided to compensate all civil servants within its jurisdiction in the form of the e-CNY CBDC. This marks the first time that the Chinese CBDC has been recognised … Read more