PBoC expands digital yuan trial to 11 more cities

The expansion of the pilot program indicates the PBoC’s confidence that testing of the e-CNY has gone well so far. But while the systems and technology underpinning the e-CNY may be ready, it remains to be seen whether consumers are – there’s plenty of evidence that inertia and habit are holding back uptake of the central bank’s digital wallet, even at the pilot stage…

This is premium content. Subscribe for access, or login below.