MENU

Coins

Exchanges

Ethereum (ETH)
Ethereum
$ 4,307.54 55.06 (% 1.29)
Bitcoin (BTC)
Bitcoin
$ 121,728.01 3,225.94 (% 2.72)
XRP (XRP)
XRP
$ 3.264134 -0.010243 (% -0.31)
Binance Coin (BNB)
Binance Coin
$ 821.71 6.38 (% 0.78)
Cardano (ADA)
Cardano
$ 0.828548 -0.005101 (% -0.61)
Litecoin (LTC)
Litecoin
$ 126.01 2.29 (% 1.85)
Tether (USDT)
Tether
$ 1.00 0 (% -0.02)
TRON
TRON
$ 0.340592 -0.000116 (% -0.03)
Stellar (XLM)
Stellar
$ 0.45231 -0.00402 (% -0.88)
Bitcoin Cash (BCH)
Bitcoin Cash
$ 577.11 -2.55 (% -0.44)
Ethereum Classic (ETC)
Ethereum Classic
$ 23.526250 -0.171320 (% -0.72)
Cosmos (ATOM)
Cosmos
$ 4.75 -0.04 (% -0.77)
Tezos (XTZ)
Tezos
$ 0.887915 -0.015982 (% -1.77)
Holo (HOLO)
Holo
$ 0.003539 0.000008 (% 0.23)
NEO (NEO)
NEO
$ 6.63 -0.06 (% -0.87)
Basic Attention Token (BAT)
Basic Attention Token
$ 0.159310 -0.002505 (% -1.55)
Dash (DASH)
Dash
$ 23.42 0.70 (% 3.08)
EOS (EOS)
EOS
$ 0.58 0 (% 0.57)

$1.5 billion worth of digital yuan transacted in Beijing last year

Last update 14.01.2022 11:22

Residents in Beijing recorded 9.6 billion yuan (US$1.5 billion) worth of digital yuan transactions in 2021, after several rounds of coupon-driven promotions, according to state media, citing official data.

$1.5 billion worth of digital yuan transacted in Beijing last year

Fast facts

  • China is aggressively promoting the use of digital yuan among the general public as part of pilot efforts to test out its use in various payment scenarios. 
  • Last year, at least US$53 million in digital yuan, officially known as e-CNY, were airdropped to users in about two dozen batches across a dozen cities, including those hosting the upcoming Winter Olympics.
  • In Beijing alone, four state-owned banks airdropped red packets to city residents in December.
  • Since 2014, China has been developing the digital yuan, the most advanced central bank digital currency (CBDC) issued by a major world power.

Source:forkast.news

Related News
Bitcoin ETFs Sucked Up 2 Months of BTC Mining Supply In First Week Of June Bitcoin ETFs Sucked Up 2 Months of BTC Mining Supply In First Week Of June
Arbitrum To Distribute $215M In ARB Tokens For Gaming Innovation Arbitrum To Distribute $215M In ARB Tokens For Gaming Innovation
Orbit Chain Hacker Moves $48M To Tornado Cash After Months Of ‘Silence’ Orbit Chain Hacker Moves $48M To Tornado Cash After Months Of ‘Silence’
DePIN Protocol Io.net CEO Departs 2 Days Before Token Launch DePIN Protocol Io.net CEO Departs 2 Days Before Token Launch
Boomers Hold The Key To Wealth, Even In Cryptocurrency Boomers Hold The Key To Wealth, Even In Cryptocurrency
China’s Largest Payments App Debuts AI Feature That Checks If You’re Balding China’s Largest Payments App Debuts AI Feature That Checks If You’re Balding
BNB, TON, FIL, And INJ Can Go Much Higher If Bitcoin Price Flips $69K BNB, TON, FIL, And INJ Can Go Much Higher If Bitcoin Price Flips $69K
Crypto Hiring: Firms Add TradFi Veterans To Executive Ranks Crypto Hiring: Firms Add TradFi Veterans To Executive Ranks
DeFi Trader Reveals Insiders’ List Of Top Meme Coins DeFi Trader Reveals Insiders’ List Of Top Meme Coins
Polkadot Makes Significant Strides Into Real-World Asset Tokenization Polkadot Makes Significant Strides Into Real-World Asset Tokenization
All Data
Coin Change(%) Price Volume (24h)
Bitcoin (BTC) 2.72 $121,728.01 $21.7B
Ethereum (ETH) 1.29 $4,307.54 $17.1B
Solana (SOL) 0.08 $185.214676 $4.5B
XRP (XRP) -0.31 $3.264134 $4.0B
USD Coin (USDC) 0.01 $0.999912 $2.7B
Dogecoin (DOGE) -1.32 $0.239344 $1.9B
Chainlink (LINK) 1.20 $22.37 $1.1B
Binance Coin (BNB) 0.78 $821.71 $851.4M
Litecoin (LTC) 1.85 $126.01 $695.1M
Cardano (ADA) -0.61 $0.828548 $691.2M
All Data