China calls for broader digital yuan use – Xinhua ...News

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China calls for broader digital yuan use – Xinhua
The e-currency is expected to replace cash in circulation The People’s Bank of China (PBOC) has called for efforts to facilitate interconnectivity between the digital yuan currency system and traditional e-payment tools with the aim of making use of the digital currency more convenient, the news agency Xinhua reported on Friday.  To realize that goal, more efforts should be applied to expand the scenarios and environment in which the digital yuan can be used, deputy governor of the PBOC Fan Yifei was cited as saying at a recent forum on digital finance in Beijing.  Fan specified that regulations and standards in a

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