Browsing: digital renminbi

The digital renminbi, China’s state-backed digital currency, is poised for a transformative upgrade that could redefine how consumers interact with money.Set to take effect on January 1, 2026, digital renminbi wallets will now earn interest, enhancing their appeal as a viable alternative to traditional banking methods.

In a significant move towards modernizing its financial ecosystem, Beijing has successfully implemented its first digital renminbi collateralized loan. This…