The total number of personal and corporate digital yuan wallets issued in China has risen from 24.5m in July to 140m as of October, an increase of nearly 600%. The number of transactions made using the central bank digital currency during China’s ongoing digital yuan pilot has also grown from nearly 71m to 150m with the total transaction value rising from 34.5bn yuan (US$5.4bn) to 62bn yuan (US$9.7bn) over the same period.
Some 140 million people had opened „wallets” for China’s new digital yuan as of October and used it for transactions totalling around 62 billion yuan ($9.7 billion), according to Reuters.
However, Mu Changchun, the director-general of the digital currency institute of the People’s Bank of China, told Hong Kong’s „Fintech Week” conference there was no official launch date for the digital currency, also known as the e-CNY.
The bank’s digital currency institute director general said that the number of corporate digital yuan wallets had reached 10m compared with 3.51m in July and that 1.55 million merchants across China — including retailers, utilities, government services and transport providers — are now able to accept payments in digital yuan, according to NFC World.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
