China’s central bank said on Saturday that it will expand the pilot plan of its digital currency to more areas, including cities in the eastern province of Zhejiang, which will host the Asian Games later this year.
The People’s Bank of China (PBOC) it said it will promote the research and development of the digital currency, dubbed e-CNY, and expand the scope of the pilot plan, according to an online statement.
Tianjin, Chongqing, Guangzhou, Fuzhou, Xiamen and six cities in the coastal province of Zhejiang they will be added to the existing top 10 “pilot” cities to test the use of e-CNY, it said.
Zhejiang’s six cities, including the provincial capital Hangzhou, will host the Asian Games in September.
The PBOC has stepped up testing of the digital currency in recent years and hoped to take advantage of the Winter Olympics in Beijing as an opportunity to promote the globalization of the yuan.
However, Beijing’s goal of making an Olympic splash with its digital currency was thwarted by the exclusion of foreign viewers caused by Covid-19. Instead, it has been embraced by a captive audience of locals who are unable to use their usual applications of digital payment.
The PBOC statement also indicates that Beijing and Zhangjiakou, which co-hosted the Winter Games in February, will also become e-CNY pilot cities.
rrg
hartford car insurance shop car insurance best car insurance quotes best online car insurance get auto insurance quotes auto insurance quotes most affordable car insurance car insurance providers car insurance best deals best insurance quotes get car insurance online best comprehensive car insurance best cheap auto insurance auto policy switching car insurance car insurance quotes auto insurance best affordable car insurance online auto insurance quotes az auto insurance commercial auto insurance instant car insurance buy car insurance online best auto insurance companies best car insurance policy best auto insurance vehicle insurance quotes aaa insurance quote auto and home insurance quotes car insurance search best and cheapest car insurance best price car insurance best vehicle insurance aaa car insurance quote find cheap car insurance new car insurance quote auto insurance companies get car insurance quotes best cheap car insurance car insurance policy online new car insurance policy get car insurance car insurance company best cheap insurance car insurance online quote car insurance finder comprehensive insurance quote car insurance quotes near me get insurance