China's digital yuan transactions hit 83 bln yuan

[superadmin]

BEIJING, July 14 (Xinhua) -- China's digital yuan transactions amounted to 83 billion yuan (about 12.33 billion U.S. dollars) by the end of May this year amid the country's push for pilot use of digital currency.

A total of 264 million digital yuan transactions had been carried out as of the end of May, Zou Lan, an official from the People's Bank of China (PBOC), told a press conference on Wednesday.

By May 31, the digital yuan payment service was accessible in nearly 4.57 million commercial outlets, Zou added.

The pilot program of the digital fiat currency, or the e-CNY, has been expanded to 23 places in 15 provincial-level regions.


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