Tag: Digital Yuan

  • Huawei’s New Phone Has Native Hardware Wallet That Supports China’s Digital Yuan

    Huawei’s New Phone Has Native Hardware Wallet That Supports China’s Digital Yuan

    Brand new reports say that the Chinese tech giant, Huawei, has released a mobile phone with a native hardware wallet for China’s new Central Bank Digital Currency (CBDC). In a recent press conference, Yu Chengdong, Huawei’s executive, said their Mate 40 is the first smartphone that runs a hardware wallet for China’s digital yuan. As…

  • China’s Digital Yuan Limited to Small-Scale Use For Now

    China’s Digital Yuan Limited to Small-Scale Use For Now

    China’s digital yuan trials are restricted to small-scale retail payments, in spite of multiple reports implying a larger release, as per the local news outlet Global Times.  Speculations from the beginning of this month suggested the digital yuan had spread to large-volume transactions after reports of housing property in a Chinese province being carried out using…