The CBDC-like bakong provides digital payment services in riel and the U.S. dollar. It has been steadily extending its regional scope.
China’s CBDC wallet resorts to ages-old tradition to boost adoption
A traditional Chinese way of gifting money that’s gone virtual with the rise of digital payments has been introduced into the digital yuan wallet app.
Chinese banks tell staff to recruit up to 300 new digital yuan users each
Six of China’s top banks have tasked their employees with promoting digital yuan wallets to between 200 to 300 people a year.
Shanghai Man: China retains mining control? Alipay’s ancient NFTs and Amber’s big raise
A look at miners shifting hardware overseas, Amber raises $100m, and Bitmain temporarily shuts down sales among dropping hashrate sales.
Banks fall in line as China’s central bank cracks down on crypto accounts
AgBank — the world’s third-largest bank by assets — has indicated it will follow the PBoC’s cue and work to stamp out its clients’ crypto-related activities.
Top Chinese banks promote CBDC over local payment firms for shopping festival
Leading Chinese banks are promoting the digital yuan over Alipay and WeChat Pay for an upcoming shopping festival in China.
Our Man in Shanghai: Filecoin the talk of the town, Polkadot and NFTs gain attention
Retail investors are flocking to buy Filecoin on exchanges with predominately Chinese user bases and the head of the PBOC thinks the digital yuan has an uphill battle to take on Alipay and WeChat Pay.
China’s digital yuan os backup to AliPay and WeChat Pay, says official
Alibaba’s Alipay and Tencent’s WeChat Pay reportedly account for 98% of the mobile payment market in China.
Trump Signs Order to Ban Ma’s Alipay, Other Chinese Apps
U.S. President Donald Trump signed an executive order on Tuesday banning the Alipay payment platform and seven other apps with links to the Chinese, saying the apps can access private information from their users. Separately, U.S. officials are considering banning U.S. citizens from investing in Alibaba Group, an affiliate of Alipay’s parent, and Tencent Holdings, […]
Binance Now Accepting Fiat Through Alipay, WeChat
The move opens the exchange to peer-to-peer (P2P) crypto transactions from China.
Pakistani Bank Teams With Alipay for Blockchain Remittances
Pakistan-based Telenor Microfinance Bank has launched a remittances service using blockchain tech from Alipay.
What China’s Cashless Revolution Can Teach the West About Crypto
China appears to have achieved the crypto community’s dream of a new internet of value, without blockchain. But there’s more than meets than eye here.
WeChat, Alipay to Block Crypto Transactions on Payment Platforms
WeChat Pay and Alipay are scrambling to keep up with regulators after recent announcements regarding initial coin offerings and cryptocurrencies.
AlipayHK Opens Blockchain Remittance Corridor to the Philippines
The payment affiliate of China’s e-commerce giant Alibaba has launched a blockchain-based remittance service between Hong Kong and the Philippines.
