CRYPTO NEWS & DATA SPACE

CRYPTO NEWS & DATA SPACE

China’s Digital Yuan Gains More Exposure

Published on:

China is leading in its implementation of Central Bank Digital Currency as Digital Currency Electronic Payment [DCEP] or commonly known as Digital Yuan.

Recent reports from Global Times states a massive campaign for the usage of the digital yuan in retail consumption.

A record 500,000 digital yuan will be given out in Shenzhen from April 10 to 23 for users to use as payment in retail establishment.

South China’s Hainan Province will also launch a  digital yuan promotion event to gain more exposure.

This new testings are designed to further check out the use of digital yuan in everyday scenarios and gather more data for better implementation.

#SmartCrypto

Related

Stay Up to Date with Us

Market Stats:
BTC Dominance: 39.42%(-0.05%/24h)
ETH Dominance: 17.34%(+0.01%/24h)
Defi Market Cap: $43.21B(-0.86%/24h)
Total Market Cap: $940.27B(-0.51%/24h)
Total Trading Volume 24h: $75.34B(+9.90%/24h)
ETH Market Cap: $160.57B
Defi to ETH Ratio: 26.91%
Defi Dominance: 4.42%
Altcoin Market Cap: $569.58B
Altcoin Volume 24h: $38.03B
Total Cryptocurrencies: 21160
Active Cryptocurrencies: 9498
Active Market Pairs: 59161
Active Exchanges: 526
Total Exchanges: 3695