Close Menu
    X (Twitter)
    Blockchain Journal
    • News
      • Blockchain News
      • Bitcoin News
      • Ethereum News
      • NFT
      • DeFi News
      • Polkadot News
      • Chainlink News
      • Ripple News
      • Cardano News
      • EOS News
      • Litecoin News
      • Monero News
      • Stellar News
      • Tron News
      • Press Releases
      • Opinion
      • Sponsored
    • Price Analisys
    • Learn Crypto
    • Contact
    • bandera
    Facebook X (Twitter) Instagram
    Blockchain Journal
    Home » Circe Head: China's Digital Currency May Surpass Western Banking

    Circe Head: China's Digital Currency May Surpass Western Banking

    0
    By BlockchainJournal on August 24, 2019 News
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Jeremy Aller, CEO of the Circle project, believes that Chinese digital currency can overshadow even Western payment systems.

    During a Global Coin Research podcast, Aller said that the Chinese digital version of the renminbi, designed for use on different platforms as a means of payment over the Internet, creates good opportunities for Chinese companies and the state as a whole. Aller believes China’s CDBC has the potential to overshadow the western banking system. The Head of Circle also noted that the internationalization of Chinese June and the desire of the state to expand its economic opportunities are a natural step on the road to development. Aller believes that the world's major reserve currencies used in trade will ultimately be digitally presented. The company itself is closely monitoring the development of the national digital currency of the Celestial Empire.

    Representatives of the Central Bank of China reported that the launch of CDBC is already very close, in early August this year. In addition, Chinese developers are creating technology that will control the issuance of digital currency, as well as a wallet, which will be used to store funds and support the operation of transactions with the digital version of the renminbi "end-to-end method".

    CDBC Circle Featured Store
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    BlockchainJournal

    Related Posts

    DBS Hong Kong Warns New Stablecoin Regulation Will Limit Derivatives Trading

    September 26, 20252 Mins Read

    SharpLink Gaming Revolutionizes the Market by Tokenizing Its Equity on the Ethereum Network

    September 25, 20253 Mins Read

    Plasma’s XPL Token Bursts onto the Market with a Capitalization Exceeding $2.4B

    September 25, 20253 Mins Read

    Japan Doubles Its Crypto Market Thanks to Tax and Regulatory Reforms, New Report Finds

    September 24, 20252 Mins Read

    Gate Launchpad listed Plasma (XPL) with dual interest in GUSD

    September 23, 20252 Mins Read

    Ethena partners with Flowdesk as USDe reaches $14 billion amid a boom for synthetic dollars

    September 19, 20253 Mins Read

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 Blockchain Journal

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.