Foreigners To China Can Use Numbers

In the newly announced white book, PBOC said foreign visitors to China can use the Number Renain to carry out payment transactions without a bank account in this country ... so far There are more than 20.87 million personal wallets using the yuan number opened in China - Photo: Chinese central bank (PBOC) recently announced white books on yuan (e-CNY) in It shows that this amount has recorded transactions with a total value of 34

.5 billion yuan (US $ 5.34 billion) as of the end of June / 2021.In 6 months, the number of yuan Used in 70
75 million payment transactions with more than 1.32 million "scenarios" - from retail operations like at shops, restaurants, to public transport, utility invoices and onions Public. However, PBOC said "There is no specific route" for the official release of the Number yuan. The above pilot program shows the rapid progress of Beijing in the plan to put into use of the cash Central Bank - Ideas are increasingly interested in many countries around the world, including the US. China's Pilot Pilot Program began at the end of 2019 in 5 locations, including Shenzhen and places where the Winter Olympics Olympics Olympics in Beijing. In November 2020, Shanghai and 5 other locations were added to this program. So far, more than 20.87 million personal purses and 3.51 million wallets for organizations and enterprises have been opened to use Applying the numbers yuan. Smartphone apps, wearable devices, smart cards can use the Number Renain Purse
Theo Nikkei Asia, PBOC intends to continue to continue to use the numbers yuan at the Local during the Winter Olympics Olympics in Beijing until it was officially launched in early 2022. In the newly announced white book, PBOC said foreign visitors to China can use the yuan Number to make payment transactions without a bank account in this country. It is unclear how this cash usage feature does not work through the domestic bank account will work. From so far, foreigners are almost unable to participate in the Number Pilot Pilot Programs China. This program is only limited to deployment in indigenous residents in mainland China, Hong Kong or Macao.Pboc said the Number Culture System "Collect less information about trading than bar methods Traditional electronic teams "and internally, PBOC stores information related to this currency separate from other parts. Last year, mobile payment applications grow rapidly and the industry becomes more Main payment method in China. Many stores do not like to receive cash, and credit cards also have no place in the most populous country in the world.PBOC started developing the yuan to start in 2014 but did not have the official time to play Specifically. At the present time, the bank will continue to expand the pilot program to cover "all possible scripts" of transactions and improve the stability as well as data safety of the system. In addition, studies on the impact of the numeric yuan for monetary policy and the financial system will continue to be implemented. Besides, the Chinese government will promote the change of relevant regulations to create a legal basis for this currency.

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