International central bank digital currency (CBDC) is the clear winner of the race ChineseThings seem fine in .
People’s Bank of China (PBOC) announced yesterday digital yuanIt was reported that the historical transactions of the company reached 87.565 billion yuan (US$ 11,238 billion) by the end of 2021.
According to the aforementioned statement, when the current data is compared with the data that was recently shared with the public (October 2021), it is seen that there is a 140% increase.
However, the PBOC stated that the number of personal digital yuan wallets has also increased by 86.4% since then to 261 million.
The Importance of the Digital Yuan is Great
What makes China’s digital yuan, also known as e-CNY, so important is that it is undoubtedly the most advanced central bank digital currency issued by a world giant, both in terms of economy and population.
Chinese Digital Yuan “Airdrops”
4 digital yuan from October 22 to December 31 airdropit happened. Two of them happened in Beijing, one in Qingdao and one in Haikou.
3 out of 4 airdrops in Beijing and Qingdao were distributed in the form of coupons for public transport.
The airdrop method, which was implemented to ensure rapid adoption of the digital yuan, was carried out for the first time in the Luohu district of Shenzhen.
Through the Digital Currency Electronic Payment (DCEP), $1.5 million in Digital yuan was distributed free of charge to citizens who registered on the iShenzhen app.
The second region China chose for the airdrop was Suzhou. In the airdrop held in Bakent Beijing, two hundred digital yuan was distributed to 200 thousand people.
In addition, China sees Bitcoin and other cryptocurrencies as threats to its digital currency. For this reason, China went to the path of banning Bitcoin completely last year.