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🟢 China Accelerates Digital Yuan Promotion Amid Trade War with US
• China has stepped up its push for the digital yuan (e-CNY) amid pressure from the US and new tariffs from the Trump administration.
• The currency has weakened, but the People's Bank of China is responding with interventions and an intensified campaign to support the e-CNY.
• The number of digital wallets has grown from 180 million to 800 million in a year, and the transaction volume has grown from 7 trillion to 10.2 trillion yuan.
• The CBDC now works even in offline mode and supports QR payments - a step towards full digital independence.
China is building a digital future, and doing it fast - especially when the old world is smashing tariffs.
📢 Stop chasing the market — start getting ahead of it 💼
#China #eCNY #CBDC #digitalyuan #crypto
• China has stepped up its push for the digital yuan (e-CNY) amid pressure from the US and new tariffs from the Trump administration.
• The currency has weakened, but the People's Bank of China is responding with interventions and an intensified campaign to support the e-CNY.
• The number of digital wallets has grown from 180 million to 800 million in a year, and the transaction volume has grown from 7 trillion to 10.2 trillion yuan.
• The CBDC now works even in offline mode and supports QR payments - a step towards full digital independence.
China is building a digital future, and doing it fast - especially when the old world is smashing tariffs.
📢 Stop chasing the market — start getting ahead of it 💼
#China #eCNY #CBDC #digitalyuan #crypto
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