Chinese Banks, Firms Make Digital Yuan Smart Contract Progress

Chinese banks and businesses want to step up their use of digital yuan-powered smart contracts, as the financial and industrial sectors eye CBDC progress. Per the Securities Times (via Stockstar), the state-run Postal Savings Bank of China has “officially” co-launched the nation’s first “prepayment product” to make use of digital yuan smart contracts. Unlike many other CBDC projects, the e-CNY is not blockchain-based.... Read More: Chinese Banks, Firms Make Digital Yuan Smart Contract Progress