Is the yuan cryptocurrency successful?

According to Iran Economist, the Central Bank of China announced that the transactions of China’s fiat digital currency, e-CNY, reached 83 billion yuan (about 12.33 billion US dollars) by the end of May this year.

Xu Lan, an official of the People’s Bank of China, said at a press conference that a total of 264 million digital yuan transactions were made during this period.

China News quoted him as saying: As of May 31, nearly 4.57 million business centers were available for digital yuan payments.

Zhu added that the central bank will further expand the scope of its pilot programs, consider building test scenarios and international cooperation to promote the digital yuan.