13-April-2021
Economy News
 
China charges ahead with a national digital currency
05-Mar-2021

Annabelle Huang recently won a government lottery to try China’s latest economics experiment: a national digital currency. After joining the lottery through the social media app WeChat, Huang, 28, a business strategist in Shenzhen, received a digital envelope with 200 electronic Chinese yuan, or eCNY, worth around $30.To spend it, she went to a convenience store near her office and picked out some nuts and yogurt. Then she pulled up a QR code for the digital currency from inside her bank app, which the store scanned for payment.

News Source:- https://economictimes.indiatimes.com/news/international/world-news/china-charges-ahead-with-a-national-digital-currency/articleshow/81324069.cms