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    HomeAltcoinsChinese Bank Rolls Out Digital Yuan Supply Chain Financing Solution

    Chinese Bank Rolls Out Digital Yuan Supply Chain Financing Solution

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    DIGITAL MARKETING SERVICES

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    More Chinese banks want to use digital yuan-powered smart contracts in their operations, and hope to use the CBDC in the financing of supply chains.
    Per Xinhua (via the People’s Daily), the Agricultural Bank of China will work on a solution with Luzhou Laojiao.
    The latter is a traditional alcohol distillery based in Luzhou, Sichuan Province, China.
    The firms exhibited their CBDC-based solution at the 2023 China Digital Finance Forum in Beijing….
    Read More: Chinese Bank Rolls Out Digital Yuan Supply Chain Financing Solution

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