China's Tests Of Digital Yuan Have Processed 4 Million Transactions
PYMNTS
NOVEMBER 2, 2020
People’s Bank of China (PBOC) Governor Yi Gang said the pilot program for digital yuan has gone well, with over 2 billion yuan ($299 million) used in over 4 million transactions, Bloomberg reported. 2), said that FinTech companies have some "key advantages" over traditional banks in terms of developing a customer base and curbing risk.
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