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Crypto news: Cryptocurrency from people’s Bank of China will appear in November

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According to Forbes, until November 11, you should see the cryptocurrency from people’s Bank of China. For this Aldona technology created in the last year – worked for the financial regulator. It is planned that the network will allow to process every second to 300 thousand transactions.

November 11, China celebrates singles Day and have massive sales in stores, including the Internet. According to official sources Forbes, at the initial stage of development access to the cryptocurrency will receive seven companies, including three of China’s largest Bank, the Association and Union Pay Internet giants Alibaba and Tencent.

Криптовалюта от Народного банка КНР появится в ноябреSource pikabu.ru

It is known that the technology for the future national cryptocurrencies have already tested. The network with high capacity will work not only on the basis of the blockchain. Mu Canon, Deputy Director of Department of payment and settlement solutions from the financial regulator did not specify details, but said that it will be a truly innovative project.

Recently, the network appeared the information that the people’s Bank of China is going to launch their own cryptocurrency before Facebook will unveil its Libra. To many, this news seemed too optimistic, but today the information is received official confirmation. How the new cryptocurrency from the Chinese people’s Bank will affect the market digital assets the more we will examine in our next materials.

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