Chinese Digital Yuan Spending on the Rise Despite COVID-19-induced Slump

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Chinese Digital Yuan Spending on the Rise Despite COVID-19-induced Slump

 
Digital yuan usage has grown x18 in the past 12 months in China – as the central bank-issued token continues to find new users.
According to the central People’s Bank of China, transaction volumes reached the USD 13 billion mark at the end of last year, with a total of 261 million personal wallets now open in pilot zones….
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