The PBOC’s digital yuan is accelerating the world’s second-biggest economy’s journey towards becoming a cashless society. Photo: Reuters The PBOC’s digital yuan is accelerating the world’s second-biggest economy’s journey towards becoming a cashless society. Photo: Reuters
The PBOC’s digital yuan is accelerating the world’s second-biggest economy’s journey towards becoming a cashless society. Photo: Reuters

Chinese lenders Bocom, CCB explore use of e-yuan digital currency for buying funds, insurance products

  • Officials at Bank of Communications, China Construction Bank say they are working with fund managers and insurers to explore expanding the e-yuan’s use beyond low-value daily retail payments
  • The Chinese central bank’s digital currency had reached US$5.3 billion of transactions as of June as it undergoes trials

Topic |   China digital currency
The PBOC’s digital yuan is accelerating the world’s second-biggest economy’s journey towards becoming a cashless society. Photo: Reuters The PBOC’s digital yuan is accelerating the world’s second-biggest economy’s journey towards becoming a cashless society. Photo: Reuters
The PBOC’s digital yuan is accelerating the world’s second-biggest economy’s journey towards becoming a cashless society. Photo: Reuters
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