Why Is China Launching the World’s First Official Digital Currency Now?

Why Is China Launching the World’s First Official Digital Currency Now?

The new digital currency, which according to Chinese authorities, is just a digital version of the Yuan and doesn't replace it, has been tested in four Chinese provinces over the last few weeks.. Government workers are expected to receive parts of their monthly paychecks using the new cryptocurrency this month too, and will be able to access it through a digital wallet designed especially for digital Yuan transactions.. Due to its easy and fast access, digital wallets have been growing in popularity around the world, including China..