2 months ago
1 min read
Chinese cities promote Digital Yuan with $26.6M giveaway
The Chinese government has also launched a series of initiatives to encourage the use of e-CNY. The Bank of China and the Industrial and Commercial Bank of China have both launched services that allow customers to convert their money into digital yuan. The People’s Bank of China has also announced plans to create a digital yuan wallet app and is currently working on developing a digital currency payment system. Furthermore, the country is planning to launch a ‘Digital Yuan Day’ on April 19th to celebrate the currency’s launch. The widespread adoption of e-CNY is expected to increase the use of