Yuan Dcep Digital Currency #2
by Patrick Landmann/science Photo Library
Title
Yuan Dcep Digital Currency #2
Artist
Patrick Landmann/science Photo Library
Medium
Photograph - Photograph
Description
Yuan DCEP digital currency, conceptual illustration. China has been developing its own digital currency since may 2020, the DCEP (digital currency electronic payment), or e-yuan. The e-yuan is built with blockchain and cryptographic technology but is not a cryptocurrency in the strictest sense because it is issued by the Chinese state bank. China also intends to make the DCEP a currency for international use and independent of the global financial system with the aim that the official Chinese currency the renminbi (rmb) becomes a global currency like the US dollar.
Uploaded
May 9th, 2022
Embed
Share
Comments
There are no comments for Yuan Dcep Digital Currency #2. Click here to post the first comment.