• Home
  • Login
  • Register
Currency Insider
  • Home
  • Reading Library
  • CBDC Think Tank
SUBSCRIBE
No Result
View All Result
Currency Insider
  • Home
  • Reading Library
  • CBDC Think Tank
Currency Insider
No Result
View All Result

Central Bank to Push for Universal Digital Payment QR Codes

by CBDC Insider
September 9, 2022
in Asia, Business, Tech
Reading Time: 1min read
0
Central Bank to Push for Universal Digital Payment QR Codes
Share on FacebookShare on Twitter

China’s central bank vowed to promote interconnection between the digital yuan and other electronic payment tools so that consumers can make payments by scanning a unified QR code.

As part of efforts to accelerate standardization of the digital yuan system, it is necessary to promote unification of digital identity, message specification and QR code systems, said Fan Yiwei, deputy governor of People’s Bank of China, at a digital finance forum Thursday.

The digital yuan, also known as e-CNY, shares certain similarities with other electronic payment tools but also differs, so it cannot completely copy the operating systems of physical cash and electronic payments, Fan said.

RELATED STORIES

Amid crypto winter, central banks rethink in-house digital currencies

Amid crypto winter, central banks rethink in-house digital currencies

January 24, 2023
Digital currency firm Amber reduces employee count in Hong Kong

Digital currency firm Amber reduces employee count in Hong Kong

January 22, 2023

Rea dmore at caixinglobal.com

Previous Post

Ripple Advisor Hints More CBDC Announcements To Come in Following Weeks

Next Post

The US Fed’s ‘Digital Dollar’ Is Almost Here

Next Post
The US Fed’s ‘Digital Dollar’ Is Almost Here

The US Fed’s ‘Digital Dollar’ Is Almost Here

© 2022 CBDC Insider

No Result
View All Result
  • Home
  • Map
  • Reading Library
  • CBDC Think Tank
  • Partners
    • DEA
  • Login
  • Register