Newland is Actively Promoting Digital RMB Applications, Completing Technical Joint Debugging and System Testing with Certain Institutions

Newland is Actively Promoting Digital RMB Applications, Completing Technical Joint Debugging and System Testing with Certain InstitutionsFinancial World, September 30th, 2023 - Recently, investors on the interactive platform inquired about Newland's progress in digital currency research and development, asking when the companys investments would yield results and what the current application landscape of digital currency is. In response, Newland stated that the company is dedicated to research and innovation in the field of electronic payment technology

Newland is Actively Promoting Digital RMB Applications, Completing Technical Joint Debugging and System Testing with Certain Institutions

Financial World, September 30th, 2023 - Recently, investors on the interactive platform inquired about Newland's progress in digital currency research and development, asking when the companys investments would yield results and what the current application landscape of digital currency is. In response, Newland stated that the company is dedicated to research and innovation in the field of electronic payment technology. It is keeping pace with the national digital RMB research and pilot program and actively collaborating with banking institutions to jointly promote digital RMB operations and technical services.

Newland has already completed the initial technical joint debugging and system testing with some institutions. The company is also working with banks to assist with merchant terminal upgrades and facilitate the implementation of digital RMB acceptance scenarios. Digital RMB applications have already been realized in several offline consumer scenarios. Furthermore, Newlands payment hardware products now fully support digital RMB acceptance functionality, and the company has completed the design and development of a digital RMB "hard wallet" product.

For digital RMB acceptance scenarios, Newland can provide multiple solutions, such as integrated payment code plates, digital currency collection code plates, and POS scanning of digital currency payment codes. The company has explored digital RMB applications in various fields:

• Collaboration with Banking Institutions: Newland actively collaborates with banking institutions to jointly promote digital RMB operations and technical services.

• Merchant Terminal Upgrade: The company assists merchants with terminal upgrades to support the implementation of digital RMB acceptance scenarios.

• Scenario Application Implementation: Newland has implemented digital RMB applications in multiple offline consumer scenarios.

• Hardware Product Upgrade: The company's payment hardware products now fully support digital RMB acceptance functionality, and the company has completed the design and development of a digital RMB "hard wallet" product.

• Solution Provision: Newland can offer a variety of solutions for digital RMB acceptance across various scenarios.

• Laboratory Construction: In the first half of 2024, Newland's Suzhou Digital Currency Application Laboratory engaged in discussions, exchanges, and collaborations with multiple institutions regarding the promotion and application of digital RMB.

• Scenario Promotion: The company has initiated efforts to upgrade digital RMB acceptance facilities in urban commercial districts, farmers' markets, and other scenarios.

Newland stated that it will continue to increase its investment in digital RMB research and development, continuously improve the digital RMB application ecosystem, and contribute to the development of the digital economy.

Excerpts from Newland's Relevant Announcement:

> "The company focuses on research and innovation in the field of electronic payment technology. In the context of the steady progress of national digital RMB research and pilot programs, the company is actively promoting collaboration with banking institutions in the areas of digital RMB operations and technical services. Currently, the company has completed the initial technical joint debugging and system testing with some institutions and is cooperating with banks to further assist merchants with terminal upgrades, implement digital RMB acceptance scenarios, and provide promotional services. Digital RMB applications have already been realized in several offline consumer scenarios. Meanwhile, the company's payment hardware products now fully support digital RMB acceptance functionality, and the company has completed the design and development of a digital RMB "hard wallet" product. For digital RMB acceptance scenarios, the company can provide various solutions, such as integrated payment code plates, digital currency collection code plates, and POS scanning of digital currency payment codes. In the first half of 2024, the company's Suzhou Digital Currency Application Laboratory engaged in discussions, exchanges, and collaborations with multiple institutions regarding the promotion and application of digital RMB, and it has initiated efforts to upgrade digital RMB acceptance facilities in urban commercial districts, farmers' markets, and other scenarios. Investors are advised to pay attention to investment risks."

Source: Financial World, Author: Announcement Jun

Disclaimer: This article is for reference only and does not constitute investment advice. Investors should make their own judgments and invest cautiously.