China tests digital yuan payments for large commercial transactions
The China Digital Currency Electronic Payment System (DCEP) has entered the testing phase of large commercial transactions and is close to its official launch. Following the first large-scale testing of China’s Digital Currency Electronic Payment System (DCEP) in Shenzhen, China’s Ministry of Commerce announced that it is expanding DCEP testing to more cities. The system will also be tested in the processing of large commercial transactions, including payments in the hospitality industry and e-commerce. The…
Ontology, Neo and Switcheo Launch Poly Network Interconnection Platform
Ontology, Neo and Switcheo have announced the launch of the Poly Network, which will provide inter-network interoperability and hosting of multi-blockchain compatible dApps. According to the developers, Poly Network will provide transparent and efficient interaction between blockchains. Businesses using different systems will be able to connect to the Poly Network and collaborate and interact with each other through an open and transparent access mechanism. Ontology co-founder Andy Ji said the Poly Network will provide unprecedented…
