Chinese Central Bank: In Pilot Stage, Digital Yuan Has 261M Active Users

Chinese Central Bank In Pilot Stage Digital Yuan Has 261M Active Users

China’s central People’s Bank of China (PBoC) has claimed over 261m users in the nation activated digital yuan wallets by the end of last year – in addition to the 20 million-plus who have downloaded its official pilot app, which was released to marketplaces in some cities earlier this month.

In addition to the PBoC’s app, some nine commercial banks, some state-owned and other private financial entities owned by the likes of Tencent’s WeChat Pay and the e-commerce giant Alibaba, currently offer digital yuan wallets – although only people located in the pilot zones can access them.

The pilot zones include economic and tech powerhouse cities such as Shenzhen, Shanghai, and Chengdu, as well as parts of the capital Beijing.

Read More

Leave a Reply