• – The use of Chinese digital yuan spending continues to rise in China over the past 12 months. In particular, the token offered by the central bank is on the way to continuing its plan to search for new users and include them.
  • – According to the People’s Central Bank of China, transaction volumes managed to reach 13 billion US dollars at the end of last year, and a total of 261 million personal wallets have now been opened in the pilot regions.

Media outlet JRJ, China’s answer to Amazon, JD.com reported that customers preferred and specifically used digital CNY wallets to pay for nearly $60 million worth of goods and services on the platform at the time of the last “618” festival.

In China, 618 (on June 18) to be similar to Black Friday or Cyber ​​Monday in the United States – it turned out that e-commerce platforms are offering products at discounted prices. It has also been revealed that a two- or three-week period will usually occur in this period, which leads to rapid purchases. Reuters also reported that total sales on JD.com will increase by only 10.3% to 618 this year; it also turned out to be a figure that represents a sharp decline compared to the 2021 event’s growth of 27.7%.

It is also stated that in this period, when the figure of 10.3 percent was achieved, JD achieved the lowest growth rate ever. It also highlights how consumer appetite in the world’s second-largest economy has been affected by the lockdowns to halt and sustain the Omicron variant of the coronavirus and slowing economic conditions, according to Reuters.

  • – Whatever the situation, the digital yuan spending figures represented an important position for JD, which has made progress by becoming one of the most active private sector advocates of the token.
  • – JD was moving forward, starting in December 2019 to allow customers in the pilot regions to best use their tokens on its platform. It has since implemented its decision to award millions of US dollars worth of e-CNY to customers in 23 cities currently in the pilot region.
  • – This platform and its partner banks, which spearheaded and featured this year’s 618 events, are also deciding to issue approximately US$1.5 million worth of e-CNY tokens to citizens in the pilot region. Meanwhile, the token is moving forward, ushering in a new era in the financial industry. With the progress of the situation, there are also reports that the token has been successfully used to pay housing deposits in Guangdong.
  • – Huangzhou.com announced that the state-run and especially the four major lenders will offer a different service to the Construction Bank of China, adding pilot functions to its mobile app that allow customers to use the digital yuan to pay for their wealth-management products. According to the statements of the same media outlet, a Chinese man-made history by using digital yuan funds to pay for his car insurance, and this emerged. A branch of the Ziraat Bank of China also stated that a loan of 224,000 USD, paid in digital yuan, to a local concrete producer, which was badly affected by the pandemic, emerged in their planning this month.



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