Chinese Bank Rolls Out Digital Yuan Supply Chain Financing Solution
More Chinese banks want to use digital yuan-powered smart contracts in their operations, and hope to use the CBDC in the financing of supply chains. Per Xinhua (via the People’s Daily), the Agricultural Bank of China wil...
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Per Xinhua (via the People’s Daily), the Agricultural Bank of China will work on a solution with Luzhou Laojiao.
The latter is a traditional alcohol distillery based in Luzhou, Sichuan Province, China.
The firms exhibited their CBDC-based solution at the 2023 China Digital Finance Forum in Beijing....
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