Tag: Digital Yuan
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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…
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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…