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China's Latest Digital Currency Trial Is Its Most Important Yet

More money, more participants, more participating banks and merchants – a look inside the latest DC/EP trial in Suzhou.

Breakdown 12.7 - China digital currency

More money, more participants, more participating banks and merchants – a look inside the latest DC/EP trial in Suzhou.

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This episode is sponsored by Crypto.com, Nexo.io and this week’s special product launch LVL.co.

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Today on the Brief:

  • COVID-19 vs. Stimulus
  • Small hedge funds outperform large brethren
  • Equities now worth 115% of global GDP

Our main discussion: Why the newest trial of China’s central bank digital currency is its most important trial yet.

In this episode, NLW discusses:

  • The significance of the “Double 12” shopping festival
  • How the participant merchants have changed
  • Comparison of the size of the lottery
  • Changes in public interest
  • Why it matters to the crypto industry

See also: JD.Com Says It’s Accepting China’s Digital Yuan for Latest Lottery

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

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Nathaniel Whittemore

NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.

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