Foundation Grants
Community Vital Signs
About Us
The People's Bank of China says it will start allowing people in China to use the country's new digital currency, the Digital Yuan, to buy goods and services starting next month, the BBC reports.
The move is part of China's efforts to transition from a per-person, per-transaction economy to a per-second, real-time one, according to the Wall Street Journal.
The Digital Yuanwhich the People's Bank of China describes as "a digital currency controlled by the central bank"comes with a number of advantages over other currencies, including "unprecedented precision in monetary policy implementation" and the fact that it can be used to stimulate spending during economic slowdowns.
"It's fascinating to consider how this could stabilize prices and boost economic growth," Bloomberg quotes a post at Yuan Globalize as saying.
"Such targeted actions could alter international trade dynamics, potentially reducing reliance on traditional banking systems and currencies like the US dollar."
According to the People's Bank of China, people will be able to use the Digital Yuan to buy goods and services such as taxi rides and doctor's appointments, pay bills, and send money to friends and family, the BBC reports.
The currency will also be used to
Read the Entire Article
Selected Foundation News
A customized collection of news from foundations from around the Web.
"We believe in the transformative power of AI and its potential to create positive change," says Anita Whitehead, head of impact at audit, tax, and advisory firm KPMG, which this week announced an...more
Michigan wants to make its ports more energy efficient and less reliant on fossil fuels. The state's Department of Environment, Great Lakes, and Energy is seeking proposals to create a maritime...more
When it comes to environmental, social, and governance (ESG) considerations when investing, Malaysia is at the top of the list, according to Digital Edge Malaysia. And that's not just because the...more
The president of the University of Dubai was among dozens of women honored for their achievements in business, health, media, the arts, and technology at the fourth annual Excellence Awards in Dubai...more
Three women from Australia's Indian community have been named in the country's Order of Australia for their contributions to society. Harinder Kaur, 29,Niharika Hiremath, 29, and Sakshi Thakur,...more
It's that time of year again: the time of year when many of us crank up our air-con and head out for a dip in the pool. But what if we told you that summer is also a great time to get outside and...more
Pritika Mehta, an Indian-American entrepreneur who holds a master's in artificial intelligence from the State University of New York, is "shaping the pathway for Indian startups looking to plunge...more
"San Francisco is about the same size as my hometown, Chandigarh," Pritika Mehta tells Hindustan Times. "But this small city has changed the world.... The kind of conversations that happen...more
Japanese artist Shota Matsuda started Heralbony in 2016 as a way to promote disabled artists, and since then it's grown into an art licensing social enterprise that works with disabled people,...more
"The neo-liberal market economy promotes a hypothetical market that is open and accessible to all, allowing hardworking people to garner maximum benefits from competitive businesses and industrial...more
Social Entrepreneurship
Spotlight
Why Not Lease A Jeans?
Dutch fashion label, Mud Jeans, has launched its Lease a Jeans brand. The jeans are crafted of organic and recycled cotton and are 100% responsibly produced.