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Despite 0 Billion Worth of Transactions, Digital Yuan Users Prefer Physical Cash
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Despite $250 Billion Worth of Transactions, Digital Yuan Users Prefer Physical Cash

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Despite 0 Billion Worth of Transactions, Digital Yuan Users Prefer Physical Cash
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Despite $250 Billion Worth of Transactions, Digital Yuan Users Prefer Physical Cash

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Source: Bitcoin.com

News Bytes - 23Some participants of China’s Central Bank Digital Currency (CBDC) pilot program, specifically state workers paid in digital yuan (e-CNY), are quickly converting their digital currency to physical cash due to concerns over its utility and lack of incentives like interest on savings. Despite China’s advancement towards becoming a cashless society, the digital yuan faces skepticism […]

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Author: Bitcoin.com

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