China is performing final testing of digital Yuan. The Head of digital currency research institute at People’s Bank of China, Mu Changchun, confirmed that system of digital payments on basis of the new currency already passed functional tests and now pilot programs will be following — however, precise terms remain unclear.
We believe such initiatives are not just adding diversity to the market, but are also helping more people to get accustomed to newer digital standards of market, thereby, encouraging them to try crypto in process.