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420,000+ Merchants in Changsha, China Accept CDBC Pay – Is Digital Yuan Adoption on the Rise?

More than 420,000 merchants in Changsha, China, now accept payments in the digital yuan, China’s central bank digital currency (CBDC). The city, located in Hunan Province, was added to the pilot in April 2021. In Februar...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

420,000+ Merchants in Changsha, China Accept CDBC Pay – Is Digital Yuan Adoption on the Rise?
More than 420,000 merchants in Changsha, China, now accept payments in the digital yuan, China’s central bank digital currency (CBDC).
The city, located in Hunan Province, was added to the pilot in April 2021.
In February this year, Changsha authorities said that 300,000 merchants in the city were processing digital yuan payments.
But the same authorities now say that figure has leaped up above the 420,000 mark, the Changsha Evening News reported (via the Hunan Daily)....
Read More: 420,000+ Merchants in Changsha, China Accept CDBC Pay – Is Digital Yuan Adoption on the Rise?

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