The Chinese government embarked on a digital currency supported by the Blockchain Blocks for its citizens, a technology that supports encrypted currencies such as Petquin and Eatrium.
According to Arab Net, the Chinese government encouraged its spread and circulated, and launched a lottery, where currencies were distributed over 750,000 people from Tuesday, on Tuesday in the first official launch, where they can already spend their digital yuan in shops and the Internet using a special application. p>
This comes, at a time when application-based payments are very common in Chinese business, so traders are quick to adapt to the new government display.
With the launch of the digital currency, each yuan will be presented as a physical or digital currency, while analysts expect the Chinese government to lift the amount of the future digital currency, and thus reduce the amount of physical currency available in the market.
China is the second state, and the first major economy launched a digital version of its currency, after the Bahamas last year launched its digital currency, known as Bloomberg, where the currency has received a wide acceptance of stores in Nassau. p>
Bloomberg has identified 4 other countries with concrete plans to launch its own digital currency, South Africa, India, Pakistan and Thailand.
While Statista has pointed to a group of countries that are still exploring digital currencies, from the United States, Russia, the European Union and the United Kingdom, as well as Arab countries such as Egypt, UAE and Morocco.
