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China Introduces Digital Yuan Payments in Ningbo Subway, Guangzhou Buses

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Authorities in two Chinese cities are promoting the digital yuan as a payment method in the public transportation system. Commuters on the subway of Ningbo and those taking the bus in Guangzhou will be able to purchase their tickets using the state-issued digital currency. Residents and Visitors of Another 2 Chinese Cities to Pay Transit … Read more

A Project Called Fries DAO Raises $5.4 Million to Purchase Fast-Food Restaurants

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The concept of leveraging a decentralized autonomous organization (DAO) has become very popular these days, as a myriad of DAO ideas have been created. A new DAO dedicated to purchasing fast-food restaurants called Fries DAO has raised more than $5.4 million to achieve the goal. Fries DAO Creators Dream of a ‘DAO-Governed Fast-Food Franchise Empire’ … Read more

Beijing and Suzhou Railways Now Accept Digital Yuan Payments for Ride Fares

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Beijing subway has officially launched a new program that allows passengers to pay for rides with the central bank digital currency (CBDC) also known as the digital yuan. The news follows the subway system in East China’s Jiangsu province in the city of Suzhou which also allows digital yuan payments for subway fares. Digital Yuan … Read more

China’s Giant Ride-Hailing Service Didi to Pilot the Central Bank’s Digital Yuan

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The Chinese government and the country’s central bank, the People’s Bank of China (PBoC), are currently in the midst of testing a digital yuan or central bank digital currency (CBDC). Now the Chinese ride-hailing corporation Didi Chuxing will be trialing the newly developed digital yuan in a “strategic partnership.” Whether people want to believe it … Read more

Digital Yuan to Fuel China’s Economic Reign – McDonald’s, Starbucks, Subway Test PBoC’s Cryptocurrency

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China’s economy is the second-largest in the world and economists believe the country may someday bring a new global order and end the Western hemisphere’s financial rule. In 2020, various reports show that China’s central bank will soon release a cryptocurrency that represents a digital yuan. This week, regional reports show that 19 well known … Read more

Public Transportation Across Argentina Can Now Be Paid With BTC

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The national contactless smart card that is used to pay for public transportation throughout Argentina can now be loaded with BTC. These cards are valid for rides on buses, trains, subways, and motorboats in 37 cities, including the capital city of Buenos Aires, according to the Argentine government’s website. Also read: Indian Supreme Court Moves Crypto … Read more

Venezuela Loves Dash: Altcoin Surges 30% on Adoption Push

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News dominating the current cycle is all about bitcoin core (BTC) skipping above the psychological $7,000 price point. However, quietly, determinedly, the altcoin Dash has been besting all comers. It is up double digits in recent days, thanks in part to its proponents’ dogged hustle and commitment to emerging economies such as Venezuela. Also read: … Read more

Prague Subway System Now Has Ten New Bitcoin ATMs

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One of the largest Bitcoin ATM manufacturers in the world, General Bytes, has recently installed ten new cryptocurrency ATMs throughout the Prague subway in the Czech Republic. Now commuters riding the Prague Metro can purchase digital assets at various locations spread out across the fifth busiest metro system in Europe. Also read: Yahoo! Japan Confirms Entrance … Read more

PR: Ready, Set, Lend! FinCryption.com Launches Its Secure Crypto Solution at Lendit Fintech USA 2018

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With hundreds of billions of USD in the crypto market cap, an historic asset-based lending opportunity exists. Nevertheless, only a handful of companies currently accept crypto as collateral for loans. Why? Crypto security concerns and hack attacks are keeping all but the boldest away. Enter FinCryption and its secure SaaS software suite for lenders. Crypto … Read more