China gears up to launch a Digital Currency in May 2020

The Chinese have announced that they will be launching in May 2020 a digital currency surely it will not be long before other major jurisdictions follow?

Chinese manufacturing accounts for 28% of the world production which is 10% more than USA

China is looking to dominate the digital landscape now according to McKinsey it is one of the top three VC investors in VR, Autonomous vehicles, Drones, 3D Printing and AI

Mobile payments are 11 times the value of USA and these figures from McKinsey where back in 2017

The National Development and Reform Commission (NDRC) in China has said Blockchain will cloud computing, (AI) and (IoT) will underpin how China manage information in the future

China accounts for 40% of e-commerce transactions up from 1% a few years ago

China in 2019 dominated the number of Blockchain Patent applications according to IPRDaily and incoPat. Taking top three spots – Alibaba, Tencent and Ping An Group, and Chinese companies took seven of the top ten

As the rest of the world fights covid-19 saving lives and piling up huge debts, potentially stoking inflationary pressures, as economies slip into recession

China will be launching the first version of a Digital Currency in the city of Suzhou as government employees will receive 50% of their May 2020 transportation subsidies

MacDonald’s, Starbucks Subway all reported to agree to accept a new Digital Currency along with Ant Financial, Tencent and four state owned banks as part of a programme for retail and catering role out

If you would like to receive more articles weekly, like this register for Digital Bytes using p this link  – http://eepurl.com/gTDiwP

More about Irish Tech News and Business Showcase here

FYI the ROI for you is => Irish Tech News now gets over 1.5 million monthly views, and up to 900k monthly unique visitors, from over 160 countries. We have over 860,000 relevant followers on Twitter on our various accounts & were recently described as Ireland’s leading online tech news site and Ireland’s answer to TechCrunch, so we can offer you a good audience!

Since introducing desktop notifications a short time ago, which notify readers directly in their browser of new articles being published, over 30,000 people have now signed up to receive them ensuring they are instantly kept up to date on all our latest content. Desktop notifications offer a unique method of serving content directly to verified readers and bypass the issue of content getting lost in people’s crowded news feeds.

Drop us a line if you want to be featured, guest post, suggest a possible interview, or just let us know what you would like to see more of in our future articles. We’re always open to new and interesting suggestions for informative and different articles. Contact us, by email, twitter or whatever social media works for you and hopefully we can share your story too and reach our global audience.

Irish Tech News

If you would like to have your company featured in the Irish Tech News Business Showcase, get in contact with us at Simon@IrishTechNews.ie or on Twitter: @SimonCocking