Recently, at a media briefing on the white paper on China’s digital renminbi R&D progress, Fan Yifei, deputy governor of the People’s Bank of China, introduced the latest achievements of the digital renminbi pilot, saying: “As of June 30, the number of invited whitelisted users for the digital renminbi pilot has exceeded 10 million, 20.87 million personal wallets and 3.51 million public wallets were opened, and the total number of transactions was 70.75 million with an amount of 34.5 billion yuan.”

The application areas of digital renminbi are gradually expanding. At present, there are over 1.32 million pilot scenarios for digital RMB, both online and offline, covering areas such as wholesale and retail, catering, cultural and tourism, education and medical care, public transportation, government payment, tax collection, and subsidies.

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Post time: Aug-11-2021