The People’s Bank of China (PBoC) announced that the use of digital yuan has exceeded 100 billion yuan recently.
According to Reuters’ report dated October 13, the People’s Bank of China said that the amount of transactions using digital yuan 31 August as of 100 billion announced that it exceeded the yuan ($ 13.9 billion). The bank stated that it will continue to issue the digital yuan.
According to the PBoC statements, the expenditures are in total selected as pilot region and city. 15 in the settlement 360 million includes multiple processes. Officials in China at the moment More than 5.6 million merchants states that it can accept digital yuan for payments.
Also, the digital yuan has hitherto been predominantly used in local retail transactions, but soon in financial transactions and in government transactions It was conveyed by the institution that it is planned to promote it for use in In addition, the digital yuan will be more useful for producers and consumers. Alipay and WeChatpay It was also among the information that it will be included in the payment systems.
In addition to promoting the use of the digital yuan, the institution is in Shanghai to respond to the needs of the public in the fight against the epidemic. $4.5 million free e-CNY (digital yuan) had dispersed.
China, which has been working feverishly on the digital currency, Bank of International Settlements multi-border cross-border Central Bank Digital Currency Bridge (mCBDC) He also participated in the experiment.