Largest Digital Yuan Distribution Of All Time From China!

China launched today, the largest trial ever made. The country started digital yuan distribution.

The largest distribution of digital yuan of all time came from China. Continuing its full throttle trials and developments in digital currency, China has launched the largest digital yuan distribution ever. The digital currency trial in Chengdu, the capital of Sichuan province, will be recorded as the 7th test in the country. According to local reports, 40 million digital yuan will be distributed in the Chengdu test, which is the last of these trials, which has been distributed to 120 million digital yuan. This distribution will end on March 19. All trials have been carried out using the digital yuan application from the very beginning.   Distributed Digital Yuan Amount Is Also Increasing The first test in 2020 was conducted in Shenzhen state and started with 10 million digital yuan. The amount of digital Yuan distributed in subsequent trials was gradually increased. In the last Suzhou test in 2021, 30 million digital yuan was distributed and spent.   Shopping and Transaction Options Are Expanded The tests, which are usually done in 7-10 days, are now increased to 15 days. It is stated that as the trials develop and their duration increases, the variety of transactions increases and more comprehensive researches can be made. Currently, online shopping can be performed even with hardware wallets that can work without connecting to a phone. Last week, the Bank of China announced that it would cooperate with the UAE, Hong Kong and Thailand on this issue. Mobile payments, which are already widely used in China, increased significantly in 2020. According to a survey, 74 percent of users use the mobile payment system every day in 2020. This figure was 4.5 percent higher in 2019.