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$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

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All Data
Coin Change(%) Price Volume (24h)
Ethereum Meta (ETHM) -2.50 $0.000903 $8371.3B
Bitcoin (BTC) 0.47 $89,808.82 $15.2B
Ethereum (ETH) 2.31 $3,156.85 $10.3B
USD Coin (USDC) -0.01 $0.999734 $2.3B
Solana (SOL) 0.79 $132.571289 $1.8B
XRP (XRP) -0.44 $1.992734 $1.4B
TRON 2.60 $0.281640 $1.1B
Dogecoin (DOGE) 0.13 $0.137016 $869.0M
Litecoin (LTC) 1.25 $81.01 $681.2M
ZCash (ZEC) -4.00 $409.953468 $677.7M
All Data