Express
Chinese Consumers Spent 8.8 Million Digital Yuan In Week-Long Trial
Summary: In a week-long trial of China's digital yuan in the city of Shenzhen citizens spent 8.8 million yuan or $1.3 million worth of the soon-to-be launched central backed digital currency, as reported by the South China Morning Post. Over 47,000 consumers participated, receiving packets of 200 digital yuan and conducting 62,000 transactions. So far, China's central bank ...
In a week-long trial of China's digital yuan in the city of Shenzhen citizens spent 8.8 million yuan or $1.3 million worth of the soon-to-be launched central backed digital currency, as reported by the South China Morning Post.
Over 47,000 consumers participated, receiving packets of 200 digital yuan and conducting 62,000 transactions. So far, China's central bank has overseen digital yuan pilot projects.
By Emily Mason
Tags: Central Bank Digital Currency,China,Digital Yuan
Link: Chinese Consumers Spent 8.8 Million Digital Yuan In Week-Long Trial [Copy]
