Tencent Tests Use Cases for Trading Settlements Using Digital Yuan and Mbridge



Tencent, the Chinese tech giant, was revealed to be participating in the tests that the Chinese institutions have completed using Mbridge, a CBDC-enabled cross-borders settlement platform. Tencent participated through its international settlements arm Tenpay, which piloted the use case of the Chinese CBDC, the digital yuan, to settle e-commerce exports using Mbridge’s rails. Tencent Participated […]



Source link



from The Novum Times

Comments

Post a Comment

Popular posts from this blog

ABC World News Tonight Tells HALF A STORY on Presidential Campaign Endorsements

ABC News, the most Regime-servile of the news organizations, performed a presidential campaign roundup that only reported on one of two presidential endorsements offered today. Of course, the endorsement reported on is the one most favorable to the Regime. Watch as ABC’s Terry Moran enthusiastically chronicles the endorsement of Vice President Kamala Harris by over 200 Romney, Bush, McCain alumni:     TERRY MORAN: And some good news for Harris, more than 200 former staffers of the previous three Republican presidential nominees, that’s Mitt Romney, the late John McCain, and George W. Bush, have come out and endorsed Kamala Harris, saying that for them, quote, “the alternative is untenable”. “Good news”, says Moran of the endorsement of these 200 former staffers. Not mentioned in the story: some of these endorsers were already in the tank for Democrats. Per USA Today, which initially reported on the letter: Others who signed the letters include: Reed Galen, McCain’s...
Read more

HSBC hit by sixfold surge in Hong Kong property loan defaults

Image
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. HSBC’s exposure to defaulted commercial property loans in Hong Kong surged almost sixfold to more than $3bn in the first half of this year, underscoring the risks the UK bank faces from a slump in the Chinese territory’s real estate market. Hong Kong is HSBC’s largest market for commercial real estate lending, accounting for 45 per cent of its exposure, in comparison with 18 per cent for the UK. The London-headquartered bank had $3.2bn in “credit impaired” commercial real estate loans to Hong Kong clients as of June 30, up from just $576mn six months earlier, according to its financial report for the first half of this year. The leap in defaults is a sign of how the commercial property downturn in Hong Kong, a financial hub that has for years been one of the world’s most expensive real estate markets, has started to hit banks. Prime office rents have fal...
Read more

Newcastle sold a defender for £90k, now he has more career goals than Isak

Image
Newcastle United will be hoping to have a better season this term compared to 2023/24, where they missed out on the top four in the Premier League while exiting Europe before Christmas. Key to their success will be whether Alexander Isak can maintain the form he displayed last season, as his presence will be key for Eddie Howe if the club wishes to finish in the European spots. Despite being only 24, Isak has scored 108 goals during his senior career, not a bad statistic at all. Newcastle have had plenty of players in recent years who have managed to notch up a fair number of goals in their careers, some with the club and several elsewhere. One player who has enjoyed an excellent career after leaving the Magpies is defender James Tavernier, who has even more goals than Isak. How much Newcastle sold James Tavernier for After making just ten appearances for the Toon during the early part of his career, Tavernier sought a club where first team opportunities would be at a premiu...
Read more