Digital yuan sees new avenues for use
Alongside the latest development, new uses for the e-CNY have also been added over the last few days.from the China Securities Journal said e-CNY was used to buy securities for the first time. Investors can also use the CBDC to buy securities with the mobile app for Soochow Securities, a local brokerage firm.
The digital yuan wallet app also received an update with users now able to make contactless payments using Android phones even if their device is without internet or power according to a Jan. 11 Yicai GlobalThe new uses for the digital yuan come as China has been struggling with the adoption rate of its CBDC.
China wastes no time.
The Chinese crypto market is now sleeping under the heavy yoke of the government. But it is impossible to resist natural processes for a long time, sooner or later there will be an explosive growth of the crypto and the epicenter will be in China.
CBDC....nah Man..
Too bad it’s china and it’s the exact opposite of what people want, I’m talking, centralised, tracked, encorporated in a points system…
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