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Ecommerce

Digital Dollar ($) vs. Digital Yuan () [Video]

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Former Chairman of US CFTC and the Director of the Digital Dollar Project Chris Ciancarlo, and Martin Chorzempa of Peterson Institute for International Economics, discusses the competitive advantages and disadvantages of a digital U.S. dollar versus China’s CBDC.

Although there are already organized electronic payment systems in place in China such as Wechat Pay and Alibaba, the country is placing emphasis on a central bank digital currency. Chorzempa explains why the focus on CBDC initiatives and if it will help the rmb internationalize. Meanwhile, how will it compare to other digital currencies such as Facebook’s Libra, or a Digital U.S. Dollar?

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Categories
Ecommerce

Shopify soars as pandemic pushes more businesses to e-commerce [Video]

The Ottawa headquarters of Canadian e-commerce company Shopify is pictured on Wednesday, May 29, 2019. The Canadian Press The rush of small businesses into e-commerce during the pandemic helped Shopify Inc.‘s revenue double last quarter as its shares continued to soar upward, weeks after becoming Canada’s most valuable company. Revenue for the quarter ending June […]