Chinese digital yuan wallet app It has become the most downloaded app in the Chinese App Store.
by the app It is still in trial and is only accessible to selected individuals through authorized e-CNY providers. Although everyone in China can download this app. But its use is limited to certain cities only.
But despite these limitations, the South China Morning PostreportThe e-CNY app became the most downloaded app in Apple’s App Store, coming just one day after its launch, surpassing Tencent’s Super App WeChat.
The digital yuan app has also been successful in Xiaomi’s mobile app store, a popular platform for Chinese Android users, with market researcher Qimai saying it rose to the top within time. just one day before dropping to second place on Monday. The app, meanwhile, ranked 43rd in Huawei’s app store on Monday, jumping the top 10 in one day.
After many years of development China began piloting a digital yuan project in April 2020 and has since become a pioneer in the development of a central bank digital currency (CBDC), to the point that the country plans to enable competitive CBDC payments. Beijing 2022 Winter Olympics for next month.
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