Kiffmeister’s #Fintech Daily Digest (09/17/2021)

China’s e-CNY rollout enters ‘sprint stage’ for Beijing Winter Olympics

People’s Bank of China (PBOC) Deputy Governor Fan Yifei said the infrastructure construction for e-CNY use during the Winter Olympics has entered a “sprint stage.” Fan also said e-CNY preparation teams at the Olympic venues “should heighten their sense of mission and urgency, and push ahead with the pilot work in a solid and orderly manner with a strict and meticulous attitude.”  

Avalanche (AVAX) just hit a new ATH, but what’s really behind the price surge?

Avalanche (AVAX) hit a new all-time high of $68.89 on September 16, following the announcement that several large funds, and a group of angel investors and family offices, took part in a $230-million funding round for the project. The layer-one protocol which hopes challenge Ethereum’s dominance among smart contract platforms, is capable of surpassing 4,500 transactions per second with a time to finality of less than 2 seconds. Also, the Avalanche network is cross-chain compatible with Ethereum.

El Salvador brings Chivo ATMs to the US

El Salvador has brought its commission-free Chivo bitcoin ATMs to several U.S. cities, a move aimed at making it easier and cheaper to send remittances abroad to friends and family in the Central American country. There are now 50 of them in 10 U.S. locations where local legislation permits them. However, there are none in the greater Washington, D.C. area, which has one of the largest Salvadoran populations. 

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