First Users Not So Impressed by China’s Digital Yuan: Report

First Users Not So Impressed by China’s Digital Yuan: Report

A recent giveaway of China's in-testing central bank digital currency has reportedly left recipients wondering why they should swap from existing solutions like Alipay.


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China’s e-payment giant will allow some users to link their accounts to the country’s digital yuan app. Alipay, the mobile payment platform owned by Ant Group, is set to allow some of its users to participate in the emerging digital yuan commerce ecosystem.According to a report by China Securities Journal on Monday, this new feature is a result of MYbank’s participation in the country’s expanded digital currency electronic payment testing protocols.The news further cements Ant Group’s participation in China’s central bank digital currency project. Indeed, the conglomerate owns a majority....