How will the digital yuan change the future?

How will the digital yuan change the future?

On April 12 the People’s Bank of China reported that its digital currency will soon be ready for using. These days it will be in high demand as cash and credit cards could easily become transmitters of the coronavirus.

China shows the progress in adapting to the new reality and tries to benefit from it. These week Matthew Graham, the CEO of Sino Global Capital, shared the images of the beta app on Twitter.


The digital yuan is a significant step to a fully cashless digital economy. According to Zhou Xuedong,  director of the People’s Bank of China, “more than 95% of daily micropayments are realized through mobile payments or Internet payments … the research and development requirements for digital currencies will become higher and higher.”

There are some advantages  for consumer to use this blockchain technology such as an absolute security, a virtual zero cost and a high speed of transactions’ proceeding.

While digital dollars are not for ordinary people, but only for banks, the digital yuan can supplant the supremacy of the dollar. The Fed believes that it could undermine the international status of a dollar and impede the fiscal policy.


What to Trade on August 22–26?
What to Trade on August 22–26?

How Energy Crisis Affects German PMI August 23, 2022, 10:30 GMT+3­­ Germany will publish Flash Manufacturing PMI data on Tuesday, August 23, at 10:30 MT time (GMT+3)…

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FED and BOE Make Another Attempt to Beat Inflation
FED and BOE Make Another Attempt to Beat Inflation

The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.

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