China upgrades digital yuan system to expand payment, smart contract services
Oct 22 2026 09:57 UTC - CGTN
China has upgraded its digital yuan infrastructure to integrate a wider range of payment and financial services, unveiling an upgraded central bank system for the digital yuan and a framework for smart contract services aimed at lowering operating costs and expanding the currency's use.
➤ China has upgraded its digital yuan (e-CNY) infrastructure to support a wider array of payment and financial services, including smart contract functionalities.
➤ The People's Bank of China's enhanced system aims to reduce operational costs and expand the digital yuan's utility beyond basic payments to areas like trade financing and cross-border settlements.
➤ Cumulative digital yuan transactions have reached 4.3 billion in value, totaling approximately $4.61 trillion, indicating significant adoption and growth.
Read more at: https://rwatimes.io/articles/news.cgtn-china-upgrades-digital-yuan-system-to-expand-payment-smart-contract-services-2913224996?utm_source=binance
Oct 22 2026 09:57 UTC - CGTN
China has upgraded its digital yuan infrastructure to integrate a wider range of payment and financial services, unveiling an upgraded central bank system for the digital yuan and a framework for smart contract services aimed at lowering operating costs and expanding the currency's use.
➤ China has upgraded its digital yuan (e-CNY) infrastructure to support a wider array of payment and financial services, including smart contract functionalities.
➤ The People's Bank of China's enhanced system aims to reduce operational costs and expand the digital yuan's utility beyond basic payments to areas like trade financing and cross-border settlements.
➤ Cumulative digital yuan transactions have reached 4.3 billion in value, totaling approximately $4.61 trillion, indicating significant adoption and growth.
Read more at: https://rwatimes.io/articles/news.cgtn-china-upgrades-digital-yuan-system-to-expand-payment-smart-contract-services-2913224996?utm_source=binance