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China’s Digital Yuan Reportedly to Test in Four Cities

by CBDC Insider Staff
April 15, 2020
in Asia, Business
Reading Time: 1min read
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China’s Digital Yuan Reportedly to Test in Four Cities
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According to Ling Zhang, the app is available for download in four cities selected for the initial trial — Shenzhen, Chengdu, Suzhou and Xiongan. She highlights the inclusion of Xiongan, a new metropolis located on the outskirts of Beijing, which has been the site of a so-dubbed “smart city brain project.”
The Xiongan New Area will have enhanced intelligent infrastructure that spans satellite information services, sensor recognition, a 5G network, supercomputing and big data facilities. The city has already attracted the country’s tech giants Tencent, Alibaba, JD.com and Baidu, with President Xi Jinping visiting on more than one occasion.

Continue read: https://cointelegraph.com/news/chinas-digital-yuan-reportedly-to-test-in-four-cities

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