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“# Chinese banks pilot digital yuan at Shanghai department stores ” Shanghai’s New World City and New World Daimaru Department Store, and food caterer Taikang Food Store handled thousands of digital yuan transactions over the past weekend, Shanghai Daily reports. As part of the trial, the retailers featured digital yuan payments as part of a…
“# New Zealand firm launches stablecoin backed by NZD ” Auckland-based financial service provider Techemynt announced the launch of a stablecoin reportedly backed by the New Zealand dollar. In a statement from Techemynt today, the firm announced it had launched a cryptocurrency backed 1:1 by the New Zealand dollar and deployed on the Ethereum blockchain…
“# South Korean Shinhan Bank pilots digital currency platform with LG CNS ” Major South Korean commercial bank Shinhan Bank is looking to collaborate with the country’s central bank on developing a national digital currency. Shinhan Bank has developed a blockchain-based pilot platform for a central bank digital currency, or CBDC, in partnership with LG…
“# Canadian bank plans to launch dollar-backed digital currency ‘in the coming months’ ” In an announcement on Wednesday, VersaBank said it plans to launch a digital currency called VCAD, which will reportedly be backed by Canadian dollars deposited with the bank. The Canadian bank claimed that VCAD would effectively be “the first digital currency…
“# Ant-backed MYbank to help China expand digital yuan trial ” China’s central bank is pushing exposure to its ongoing national digital currency pilot by enlisting two major private banks in the project. According to a Feb. 22 Bloomberg report, MYbank and WeBank will help the People’s Bank of China extend its user exposure in…
“# The Bahamas gets a card for its sand dollar national digital currency ” The Bahamas is moving to make its national digital currency more accessible by launching a prepaid card for the “sand dollar.” The Central Bank of The Bahamas has partnered with global payment giant Mastercard and local payment startup Island Pay to…
“# Sweden extends digital krona digital currency pilot until 2022 ” Sweden’s central bank has extended an ongoing pilot aimed at creating a digital version of the Swedish krona until 2022, as was recently announced by the nation’s Riksbank. In combination with professional services firm Accenture, the “e-krona” pilot program was created to address what…
“#Who is Satoshi Nakamoto? Bitcoin’s creator remains a mystery” Bitcoin was supposedly invented by Satoshi Nakamoto, a genius from Japan. But no one knows who Nakamoto actually is — and nobody has come forward to convincingly take credit for definitively being Nakamoto. Lately, more and more people are speculating that it could be Tesla and…
“# Russian mobile carriers consider smartphone integration for digital ruble ” Major Russian mobile network operators like MegaFon and Beeline are considering how the digital ruble will function on their mobile devices. According to a Feb. 16 report by local news agency Izvestia, Beeline and MegaFon proposed to set up smartphone wallets for Russia’s central…
“# Hardware wallet for digital yuan debuts in Xiong’an New Area ” A Chinese banking institution has completed the development of a hardware wallet for the country’s central bank digital currency, the digital yuan According to a Feb. 7 announcement by Xiong’an authorities, the Xiong’an branch of the Agricultural Bank of China in Hebei has…