In today’s briefing:
- China Expands Use of Digital Yuan to Covering Utility Bills
China Expands Use of Digital Yuan to Covering Utility Bills
- China further expanded the use of the digital yuan by enabling consumers to use it to pay utility bills.
- The digital yuan, also known as the e-CNY, is a legal currency in digital form issued by the central bank.
- The People’s Bank of China (PBOC) recently updated its e-CNY mobile wallet app, adding new features that allow users to pay water, gas, electricity, heating and phone bills with the digital yuan.
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