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over 222000 spent per day using digital yuan during winter olympics

Over £222,000 spent per day using digital Yuan during Winter Olympics

The 2022 Winter Olympics in Beijing was the moment the whole world got introduced to China’s first official digital currency for the first time: the digital yuan.

More than £222,000 is said to be spent with the countries own digital token every day, according to new reports from the People’s Bank of China (PBoC). The participants, visitors and organizers would use 2 million e-CNY, worth $316,000 each day. The Digital Currency Research Institute director general, Mu Changchun, provided the data during a webinar hosted by the Atlantic Council. He said there:

“I have a rough idea that there are several or a few million digital yuan in payments every day, but I don’t have exact numbers yet.”

read more: source coinjournal

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