Digital yuan struggles to take off as Chinese users see no reason to ditch Alipay, WeChatPay

Digital yuan struggles to take off as Chinese users see no reason to ditch Alipay, WeChatPay

Photo: Alipay+.

Eight years after China first embarked on the path toward a digital yuan, the central bank’s pilot programme for the digital yuan has been expanded to 23 cities covering nearly a fifth of the population.

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