China's Trial of Paying State Workers in Digital Yuan Faces Low Adoption
Sunday, 12 May 2024, 22:30
China's Trial of Paying State Workers in Digital Yuan
China has recently initiated a trial to pay certain state employees using digital yuan. However, the adoption of the e-CNY among workers is facing significant resistance.
Low Adoption Rates
Despite the incentive to receive salaries in digital form, most employees are opting to convert it to cash promptly.
Majority of the workers do not see the benefits of using the digital yuan and prefer the familiarity and convenience of physical currency.
- Implications: The current trial indicates a slow adoption rate of digital yuan in everyday transactions.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.