China's digital yuan trial version - 'e-CNY (Pilot Version)' - is now live in local iOS and Android app stores.
by Reuters revealed that the initiative was first available for download on Android and Apple app stores on Tuesday in Shanghai.
China’s efforts to issue a digital form of its national currency are among the most advanced globally. Following all the developments to popularize the financial product, the central bank informed last November that the number of individuals who have opened e-CNY walletsThese accounts were nearly seven times less in June 2021 when they stood at 24 million. Digital yuan transactions have also increased significantly during that time frame – from $5.4 billion to $9.7 billion.
the U.S. Olympic Committee to forbid any usage of China’s central bank digital currency during the event. The politicians expressed concern that its economic rival could employ the e-CNY for spying and espionage.
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