China debuts blockchain-based digital yuan salary payments in Xiong’an

Cointelegraph

Published Jun 14, 2021 07:39AM ET

Updated Jun 15, 2021 09:40AM ET

China is progressing with its central bank digital currency (CBDC) tests, debuting blockchain-enabled salary payments in the digital yuan.

According to the official website of the Xiong’an New Area, the People’s Bank of China (PBoC) has successfully completed the nation’s first on-chain wage payouts in the digital yuan.

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