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Learning & News => News related to Crypto => Topic started by: sirty143 on April 29, 2020, 03:13:16 AM

Title: Alibaba-Backed AI Startup SenseTime to Help China Handle Digital Yuan
Post by: sirty143 on April 29, 2020, 03:13:16 AM

Alibaba-Backed AI Startup SenseTime to Help China Handle Digital Yuan

(https://i.imgur.com/klKYndll.jpg)

Hong Kong-based AI startup SenseTime partnered with PBoC’s digital currency research unit to continue the development... See more for yourself here (https://cointelegraph.com/news/alibaba-backed-ai-startup-sensetime-to-help-china-handle-digital-yuan).

Your opinion is greatly appreciated.

Title: Re: Alibaba-Backed AI Startup SenseTime to Help China Handle Digital Yuan
Post by: Noverteno on April 29, 2020, 06:02:05 AM

Judging by the text of this article, the Chinese government has really thrown all efforts to create its own digital currency and introduce blockchain technology. In the context of the coronavirus pandemic, the introduction of the digital renminbi is a very urgent issue, since it is possible to avoid contracts of infected people with paper money. However, the use of the digital renminbi will bring China great advantages in trade, and if it appears next month, we will see it soon.

Title: Re: Alibaba-Backed AI Startup SenseTime to Help China Handle Digital Yuan
Post by: pulpy on April 29, 2020, 02:30:09 PM

As I know that digital Yuan will be distributed between government workers next month
What about companies, Alibaba could be the first company which get it

Title: Re: Alibaba-Backed AI Startup SenseTime to Help China Handle Digital Yuan
Post by: bigcash2011 on April 29, 2020, 10:35:29 PM

Alibaba is the largest business, ecommerce and technology group from China, i am sure Chinese group will work with them to come up with a smooth working coin in all aspects.