Thread by @AliceolaCrypto

BREAKING: #China will launch the next stage of DCEP (central bank digital currency) pilot projects in 28 cities and provinces. HUGE SPEED UP, details below 👇thread

Thank @IvanOnTech @mattysino @CryptoGodfatha @boxmining
#Crypto #cryptocurrency #bitcoin #Ethereum #BTC

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The Ministry of Commerce of #China just issued the “Comprehensively Promote the Pilot Plan for the Innovative Development of Service Trade” file. China plans to carry out DCEP (digital RMB) pilot projects in the Beijing-Tianjin-Hebei region;

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the Yangtze River Delta (around Shanghai); the Guangdong-Hong Kong-Macao Greater Bay Area, plus the central and western regions where conditions permit.

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"The Central Bank of #China makes policy guarantee measures. 1st batch, Shenzhen, Chengdu, Suzhou, Xiong'an New District (close to Beijing) and other places and relevant of the coming Winter Olympics Games.

REPORTED THIS BEFORE👇

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The 2nd batch, 28 districts. UPDATED TODAY

Beijing, Tianjin, Shanghai, Chongqing (21 municipal districts including Fuling District), Hainan, Dalian, Xiamen, Qingdao, Shenzhen, Shijiazhuang, Changchun, Harbin, Nanjing, Hangzhou, Hefei, Jinan, Wuhan, Guangzhou, Chengdu, Guiyang

5/ The 2nd batch, 28 districts. UPDATED TODAY
Kunming , Xi’an, Urumqi, Suzhou, Weihai and Hebei Xiong’an New District, Guizhou Gui’an New District, Shaanxi Xixian New District, and other 28 provinces (regions)

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22nd Apr 2020, Xiong'an New District launched 19 DCEP pilot units, including Oscar Studios, McDonald's, Starbucks, Subway, Cainiao Station (delivery service of @AlibabaGroup), JD Unmanned Supermarket (...

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... JD.com is the largest competitor of Alibaba, the 2nd largest e-commerce platform in #China), CITIC Bookstore, and New Era Unmanned Vehicles.

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Compared with Suzhou, Xiong'an has expanded the pilot to retail, entertainment, catering and other life scenarios. The pilot directly interacts with more customers.

#China DCEP #blockchain #Crypto

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In July 2020, the central bank of #China cooperated with Didi (Chinese Uber), bilibili.com (a UGC video community, Chinese youtube) and Meituan (food delivery service giant) to develop DCEP(Digital Currency Electronic Payment)

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As of 2019, #China's mobile payment rate was 81.1%, the HIGHEST in the world. A HUGE user base for mobile payment platforms. @Alipay has over 1.2 billion users worldwide and @WeChatApp pay has 800 million monthly active users

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