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How China s Digital Currency will change online payments | The Hindu In Focus Podcast
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In this episode, we look at China s plans for a Digital Currency, officially titled the Digital Currency Electronic Payment (DCEP), also known as the digital RMB (the Renminbi is China’s currency).
In February, the People s Bank of China (PBOC) launched the latest round of pilot trials, with reported plans of a major roll-out by the end of the year ahead of the February Winter Olympics in Beijing. While several countries are experimenting with digital currencies, China’s recent trials in several cities have placed it ahead of the curve.
The Hindu Explains | How does China s digital currency work?
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