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Chinese platform BSN integrates digital yuan with 30 public blockchains


China National Blockchain Platform (BSN) will complete the digital yuan integration with 30 public blockchains in 2021. This is reported in the project blog.

BSN is developing a Universal Digital Payments Network (UDPN) that can support the digital currencies of central banks in different countries.

Data: BSN blog on Medium.

Developers will provide a standardized method for transferring digital currency. As a result, UDPN will be available via API for various systems, including banking and mobile applications.

Earlier, the Chinese blockchain platform added support for Polkadot, Oasis and Bityuan.

Blockchain in Chinese: how China creates a centralized platform for the development of DLT technologies

As a reminder, China tested the digital yuan at Shenzhen ATMs and launched a lab to create CBDC-enabled applications.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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