Central bank digital currency (CBDC), developed by the Bank of China, was used in an international crude oil deal.
According to information provided by China Daily, PetroChina has agreed to purchase 1 million barrels of crude oil from the Shanghai Petroleum and Natural Gas Exchange (SHPGX). digital currency called e-CNY used.
SHPGX announced the transaction on Friday, but who made the sale or the transaction how much it took did not announce.
According to local news sources, SHPGX is trying to expand the use of e-CNY by following government instructions. China’s digital currency in international agreements wants it to be used.
The People’s Bank of China launched a program for e-CNY a few months ago in cooperation with China Telecom and China Unicom. hardware wallet had developed.