China moving closer to launch of world’s first sovereign digital currency ...News

Russia Today - Economy
China moving closer to launch of world’s first sovereign digital currency
source : Russia Today ( News ) () 19
Beijing has launched a digital yuan test program, allowing consumers to spend the digital currency at multiple merchants in the city. On Wednesday, the Bank of Communications unveiled its digital renminbi (RMB) trial event at Beijing Happy Valley. Staff members introduced some information to visitors and then instructed them to download the digital RMB app, open the digital RMB wallet, and make their first digital RMB purchases at the amusement park. Last month, at the first China International Consumer Products Expo held in Hainan province, many banks launched trial zones to let visitors experience multiple usage scenarios involving t

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