Digital Yuan Gaining Prominence Globally
4
2
China’s digital yuan (e-CNY) is emerging as a transformative force in global finance, with 261 million users and transaction volumes exceeding $7.3 trillion. The state-backed cryptocurrency now facilitates everything from Beijing metro fares to provincial government payrolls, bypassing traditional banking infrastructure.
Unlike private cryptocurrencies, the e-CNY requires no local bank account—a strategic advantage for cross-border use. Its adoption across 29 Chinese cities demonstrates Beijing’s methodical approach to reshaping international currency flows through blockchain technology.
By:
Previous
JSE FTSE All Share Rises 120 Points Amid Power and Trade Pressures
Next
Best Presale Cryptos: Riding the DeFi Wave - DexBoss Leads 2025’s Top Picks
