China’s digital currency: e-CNY wallet nearly doubles user base in two months to 261 million ahead of Winter Olympics

Source: Tech – South China Morning PostChina’s official digital yuan app, e-CNY, had 261 million unique users at the end of 2021, nearly twice what it had in October, even before it was released in app stores this month, according to a central bank official.The digital yuan, officially known as the Digital Currency Electronic Payment, was also being accepted by more than 8 million merchants by the end of December, and had been used in transactions totalling 87.6 billion yuan (US$13.8 billion), Zou Lan, head of financial markets at…Read More

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