China May Use CBDC in International Transactions: NEO Chief

China May Use CBDC in International Transactions: NEO Chief
ôîòî ïîêàçàíî ñ : beincrypto.com

2020-6-4 19:38

China may be making plans to include its central bank digital currency (CBDC) in international transactions.

That’s the rub according to NEO blockchain CEO Da Hongfei who Tweeted on Wednesday:

“Da Hongfei, founder of blockchain platform Neo, says the central bank could split part of the digital currency for use outside of China, much as it did with the offshore version of the yuan in currency trading.” https://t.co/5hbKpe07Au

— Neo Smart Economy (@NEO_Blockchain) June 3, 2020

The remarks come in response to a recent Bloomberg article which challenges the dominance of digital currencies like Bitcoin and even the U.S. dollar.

Pundits have, in the past, predicted that China’s planned digital currency electronic payment (DC/EP) project could be used in wresting global dominance away from the greenback. Reports point to Beijing, forcing smaller debt-laden nations into expanding use of its digital yuan.

As previously reported on BeInCrypto, CBDC testing is already in advanced stages, with videos showing features like the ability to move funds from checking accounts to DC/EP wallets.

Four cities are reportedly involved in the CBDC pilot with global restaurant and fast-food franchises like Starbucks and McDonald’s invited to participate.

Reports also indicate that the planned CBDC could arrive sooner than expected to aid in COVID-19 stimulus package payments. The country’s central bank governor has, however, come out saying there is no official timetable for the launch of the DC/EP.

The post China May Use CBDC in International Transactions: NEO Chief appeared first on BeInCrypto.

origin »

NEO (NEO) íà Currencies.ru

$ 0 (+0.00%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 0.00 %, 7d: 0.00 %
Cåãîäíÿ L: $0 - H: $15.41
Êàïèòàëèçàöèÿ $0 Rank 99999
Öåíà â ÷àñ íîâîñòè $ 12.41 (-100%)

china neo cbdc use transactions international may

Èñòî÷íèê: beincrypto.com

china neo → Ðåçóëüòàòîâ: 61


Ôîòî:

Chinese Cryptocurrencies Post Double-Digit Gains After President Xi’s Blockchain Announcement

Many Chinese cryptocurrencies are turning bullish after President Xi Jinping’s endorsement of blockchain technology. NEO, Ontology (ONT), and Bytom (BTM) are leading the pack. Chinese cryptocurrencies have been booming ever since China’s surprise endorsement of blockchain technology, with speculation that they may be included in the new state policy.

2019-10-28 08:10


NEO Blockchain Smart Contract Platform Eyes Gaming is Crypto’s “Lowest Hanging Fruit”

Smart contract platform NEO, known as the “Ethereum of China” aims to solidify itself as a platform in the video gaming industry, which is worth billions of dollars. Zhao Chen, the platform’s Global Development manager, recently interviewed with CryptoPotato and discussed the project’s focus concerning the adoption of cryptocurrency and the industries that it will […]

2018-10-31 23:13


Arqit and Neo Form a Partnership to Research Quantum Resistant Blockchain

NEO is a global public blockchain project based in China. Its platform is continuously growing and has continued to record an ever-increasing user base. On 17th October 2018, the project announced that it had entered into a partnership agreement with Arqit, that would see the two companies collaborate on quantum resistance research. The partnership between […]

2018-10-19 09:23


Ôîòî:

China Giving Crypto Power Back To The People, Sort Of

Last week, Chinese authorities made their vision on cryptocurrencies very clear, as new movements took hold across the country banning certain aspects of the industry, including the spread of crypto news on social media giants, WeChat, a block on over 100 cryptocurrency exchanges via Chinese internet and even a ban on event venues in Beijing hosting cryptocurrency and blockchain related events and conferences.

2018-8-28 15:00


Ôîòî:

It’s Free! NEO and ONT Join Forces for a Second Round of a 40M USD Airdrop!

NEO, one of the main blockchain projects in China, has joined forces with ONT to carry out a significant Airdrop to increase not only the volume but also the number of users of both cryptos. Yesterday, the official NEO blog announced that NEO token holders are going to receive $40 million worth of ONT tokens on […] The post It’s Free! NEO and ONT Join Forces for a Second Round of a 40M USD Airdrop! appeared first on Ethereum World News.

2018-7-13 20:01


äàëüøå åùå 12 íîâîñòåé →

Ïàðòíåðû Currencies.ru



Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

The Federal Reserve Becomes the World’s Biggest Investor

The Federal Reserve has hit a new milestone in the race to have the largest balance sheet in the world. The American central bank has gone full berserk in 2020 and is printing dollars non-stop. Using the COVID-19 crisis and the global lockdown effects in the economy as an excuse, the Fed has purchased so […] The post The Federal Reserve Becomes the World’s Biggest Investor appeared first on BeInCrypto.

Short Squeeze Possible for U.S. Dollar but Future Remains Bleak

Bets that the dollar will continue to decline have become a popular trade in recent days. Due to the worldwide economic woes, short positions against the dollar have grown substantially over the past four months, leading some to believe that positions could be squeezed.

Grayscale Bitcoin Trust Doubles in Dollar Value

The value of Grayscale’s Bitcoin Trust (GBTC) increased $1. 6 billion in the first half of 2020, SEC filings show. The trust is one of the most visible venues for Bitcoin in traditional markets. This bodes well for Bitcoin as it continues to hold value during the U.