Shyft Network
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Shyft Network

China Leads the Digital Currency Future

  • The People’s Republic of China has been into its CBDC project since 2014, with the trials starting in April 2020.
  • Within two years of trial, the country witnessed CBDC transactions of more than 100 billion Yuan.
  • Experts believe the digital Yuan needs to grow in usability to become more popular.

The Genesis of China’s CBDC

The Evolution of the Digital Yuan

The success of the Digital Currency Pilot Program

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The Latest Numbers

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Bottlenecks and Concerns

The Current Situation



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