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Tech in Asia

Research from Tech in Asia

Tech in Asia (YC W15) is the largest English-language technology media company that focuses on Asia. From the latest news to the hottest trends and the boldest startups to the strongest titans, we cover everything tech in the region. Our goal is to build and serve Asia’s tech and startup community.

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Crypto

<ul><li>Transactions of China’s digital yuan reached 83 billion yuan (US$12.3 billion) in the first five months of 2022</li><li>A total of 264 million transactions in the virtual currency were made as of May 31, and over 4.5 million commercial outlets across the country now accept digital yuan as a payment option</li><li>The five-month figure is comparable to the virtual currency’s transaction volume for the entirety of 2021, which reached 87.6 billion yuan (US$13 billion)</li></ul>

Transactions of China’s digital yuan reached 83 billion yuan (US$12.3 billion) in the first five months of 2022A total of 264 million transactions in the virtual currency were made as of May 31, and over 4.5 million commercial outlets across the country now accept digital yuan as a payment optionThe five-month figure is comparable to the virtual currency’s transaction volume for the entirety of 2021, which reached 87.6 billion yuan (US$13 billion)

Digital Yuan Transactions in China Hit $12b in First 5 Months of 2022

China

The e-CNY, also known as Digital yuan or digital RMB introduced by PBOC (People Bank of China), is the electronic form of Chinese Renminbi, and like Chinese Renminbi, it aims to circulate around deposit accounts and other transactions method. China has adopted to work on a mechanism of the cashless economy through Chinese digital currency e-CNY targets to replace the dollar as the world’s reserve currency.

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Digital Yuan (ECNY CURNCY)

Digital Yuan Transactions in China Hit $12b in First 5 Months of 2022

Transactions of China’s digital yuan reached 83 billion yuan (US$12.3 billion) in the first five months of 2022. A total of 264 million...

Tech in Asia

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52-week Range

Market Cap (USDm)

P/E

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