Advertisement
Canada markets open in 8 hours 52 minutes
  • S&P/TSX

    21,885.38
    +11.66 (+0.05%)
     
  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     
  • DOW

    38,085.80
    -375.12 (-0.98%)
     
  • CAD/USD

    0.7324
    +0.0000 (+0.01%)
     
  • CRUDE OIL

    83.86
    +0.29 (+0.35%)
     
  • Bitcoin CAD

    87,750.45
    -30.14 (-0.03%)
     
  • CMC Crypto 200

    1,386.31
    +3.74 (+0.27%)
     
  • GOLD FUTURES

    2,348.20
    +5.70 (+0.24%)
     
  • RUSSELL 2000

    1,981.12
    -14.31 (-0.72%)
     
  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     
  • NASDAQ futures

    17,771.50
    +204.00 (+1.16%)
     
  • VOLATILITY

    15.37
    -0.60 (-3.76%)
     
  • FTSE

    8,078.86
    +38.48 (+0.48%)
     
  • NIKKEI 225

    37,939.16
    +310.68 (+0.83%)
     
  • CAD/EUR

    0.6827
    +0.0006 (+0.09%)
     

What China’s New Digital Currency Tells Us About a Cashless Future

China is testing a digital yuan, aiming to accelerate the replacement of cash and increase state control in a society where digital payments via Wechat Pay and Alipay are already the norm. Here’s what Beijing’s new system looks like—and how it would work. Photo credit: Florence Lo/Reuters