PBOC has launched digital yuan pilots in parts of 17 provinces

According to the Securities Times, as of now, the People’s Bank of China has launched digital renminbi pilots in parts of 17 provinces. Nearly 30 digital RMB consumption red envelope activities have been carried out in each pilot area around themes such as "promoting consumption" and "low-carbon travel". The People's Bank of China stated that in the future, it will continue to carry out innovative applications of digital renminbi to realize the interconnection between the digital renminbi system and traditional electronic payment tools, so that consumers can "scan with one code", and merchants can support various payments without increasing costs as much as possible. Payment instrument.