How Can the Digital Yuan Affect the Big Industries of China?


Source: urbanmatter.com urbanmatter.com

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The retail industry may see increased competition from digital yuan through this platform yuanpay-group.de on a business base. And the banking and finance industries could be disrupted by the widespread adoption of the digital yuan. The Chinese government is still testing and developing the digital yuan, so it remains to be seen how it will affect different industries. Positive effects of the digital yuan can depend on big industries in China It is estimated that the total value of digital yuan transactions will reach 10 trillion yuan by 2025. It will positively affect big industries in China, as it will...