Over 300,000 stores and vendors in Changsha, China, now accept digital yuan payment – as the central bank digital currency continues to break new ground in the country.

According to province of Hunan’s official newspaper, at the end of 2022, “more than 300,000 digital yuan merchants” now operate in Changsha. The city claimed that “more than 53.25 million” digital yuan transactions have been processed by its residents. In total, transactions worth over $1.2 billion have been processed to date in Changsha.

(By Tim Alper)