The Digital Yuan on The Daily Commute.

Taking into account China's official goal to have a fully functioning digital yuan for the Beijing 2022 Olympic Winter Games, it is very likely we will see a further extension of sovereign digital currency acceptance, stretching from the urban metro system to the high-speed rail network, in the not...

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Publicado en:Beijing Review Vol. 64; no. 29; pp. 28 - 30
Autor principal: Giovannini, Matteo
Formato: Artículo
Publicado: Beijing Review 7/22/2021
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        atl: The Digital Yuan on The Daily Commute.
      aug:
        au: Giovannini, Matteo
      su:
        Banking industry
        Automated teller machines
        Digital currency
        Financial services industry
        Government ownership of banks
        Payment
        Payment systems
        Microchip payment systems
      sug:
        subj:
          Banking industry
          Other Building Equipment Contractors
          All other building equipment contractors
          Computer and peripheral equipment manufacturing
          Computer Terminal and Other Computer Peripheral Equipment Manufacturing
          Office and store machinery and equipment merchant wholesalers
          Office Equipment Merchant Wholesalers
          Other financial transactions processing and clearing house activities
          Personal and commercial banking industry
          Savings Institutions
          Other Depository Credit Intermediation
          Commercial Banking
          Consumer Lending
          Financial Transactions Processing, Reserve, and Clearinghouse Activities
          Automated teller machines
          Digital currency
          Financial services industry
          Government ownership of banks
          Payment
          Payment systems
          Microchip payment systems
      ab: Taking into account China's official goal to have a fully functioning digital yuan for the Beijing 2022 Olympic Winter Games, it is very likely we will see a further extension of sovereign digital currency acceptance, stretching from the urban metro system to the high-speed rail network, in the not too distant future. The digital yuan ATM service represents an important effort toward increasing digital currency circulation, particularly when compared to the previous pilot programs based on a lottery system. The People's Bank of China has been stepping up promotion of the digital yuan, a so-called Central Bank Digital Currency that aims to replace some of the cash in circulation.
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    language: English
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