digital currency

The integration of foreign bank accounts into China’s digital currency app could make it much easier for foreigners to get around a largely cashless China in future, Miranda Jarrett from Dao Insights For foreigners with an eye on visiting China, the past few months have been marked by two major milestones in China’s digital payment landscape. The first was when WeChat Pay and Alipay (China’s dominant digital payment apps, owned …

China has finally launched an app for its digital currency, the e-CNY, which is even available to athletes attending the 2022 Winter Olympics in Beijing. But does the digital yuan app have the potential to replace WeChat and Alipay? 2022 kicked off with a major leap forward for the e-CNY, also known as the digital yuan, as the beta version of the digital yuan app was officially launched on iOS …