Chinese banks ordered staffs to attract 200-300 new users to use CBDC

[Sincerem]

Its no secrete that banks in China have ordered their staffs on errand to deliver 200-300 new Digital Yuan users annually to increase its userbase, and make the coin a popular choice like any other digital currency out there.

They're offering incentive too, for users who installed the Central bank digital currency (CBDC) wallet. With offers such as, umbrellas, Tissues, Laundry detergents, data cables etc, to be given out to the new users encouraging their efforts.

The Chinese Central bank have made it clear that, banks yearly commission will increase based on the success rate of promoting the Digital Yuan to reach to many others.

Do you think the newly created Chinese Digital Yuan will become a mainstay, and become a sort after coin in the digital ecosystem to usurp the high demand of the volatile coins??

 

[Setho]

This is something that china has been hunting in for a long time now. I believe that it would be a good project and even more people would want to join crypto.

 

[Sincerem]

This is something that china has been hunting in for a long time now. I believe that it would be a good project and even more people would want to join crypto.

China have come up with their own digital currency. That will surely entice other countries doubting the volatile coins to form their own centralized coin to regulate as they want it.

 

[Alexandoy]

This is news to me because I don't fully understand the Digital Yuan and its role in the Chinese economy. It can be likened to crypto coin but I don't think that is the essence of the digital coin. Crypto is popular because it is in the exchange market that dictates the market price. If the Digital Yuan is an alternative to the physical Yuan then it is not crypto coin in nature.

 

[Sincerem]

This is news to me because I don't fully understand the Digital Yuan and its role in the Chinese economy. It can be likened to crypto coin but I don't think that is the essence of the digital coin. Crypto is popular because it is in the exchange market that dictates the market price. If the Digital Yuan is an alternative to the physical Yuan then it is not crypto coin in nature.

It is a centralized digital coin in the form of Fiat currency just that it isn't a minted paper type, just operating digitally for use of paying for goods, and services online.

 

[Justin]

I have heard of digital yuan but do not know if this is actually a crypto currency or a just a digital version of the fiat currency. I will have to read more and find out this

 

[Sincerem]

I have heard of digital yuan but do not know if this is actually a crypto currency or a just a digital version of the fiat currency. I will have to read more and find out this

Its a centralized coin, they might say its not encrypted cos it was developed not to function anonymously. But to operate in a centralized way, so they can regulate what's happening around the coin.

 

[FreshKaz11]

Its no secrete that banks in China have ordered their staffs on errand to deliver 200-300 new Digital Yuan users annually to increase its userbase, and make the coin a popular choice like any other digital currency out there.

They're offering incentive too, for users who installed the Central bank digital currency (CBDC) wallet. With offers such as, umbrellas, Tissues, Laundry detergents, data cables etc, to be given out to the new users encouraging their efforts.

The Chinese Central bank have made it clear that, banks yearly commission will increase based on the success rate of promoting the Digital Yuan to reach to many others.

Do you think the newly created Chinese Digital Yuan will become a mainstay, and become a sort after coin in the digital ecosystem to usurp the high demand of the volatile coins??

What I really wanna know about this is that is the gift giving to the new users globally, because we living outside china how do we get our own gift after installing the app.

 

[Hena101]

That's was new to me because i never heard of this digital currency Chinese have, but anyway if that's is the case then we will expect other countries to create their digital currency but this will depends on how the Chinese digital currency succeed if it really then many more digital currency will come.

 

[Lens]

You can never underate china when it comes to development. They are very fast when it comes to that. Investors should watch out for their projects, it will develop very quickly in no time . They are gifted in that area

 

[Kelly5]

This is a very good way to go about encouraging the use of the digital assets instead of going about fighting this new innovation

 

[Funky]

This is what I think the Nigerian government should have done, don't just phase out something first find a replacement for it otherwise people would find alternatives themselves.

 

[Setho]

I have always known that it was just going to be a matter of time before the big guys start to adopt crypto so I believe we would see more and more countries.

 

[Sincerem]

What I really wanna know about this is that is the gift giving to the new users globally, because we living outside China how do we get our own gift after installing the app.

This gift is mainly for the Chinese people, and not worldwide. They created the CBDC to present first to their citizens then after that, they'll now circulate.

 

[Dowenship]

Its no secrete that banks in China have ordered their staffs on errand to deliver 200-300 new Digital Yuan users annually to increase its userbase, and make the coin a popular choice like any other digital currency out there.

They're offering incentive too, for users who installed the Central bank digital currency (CBDC) wallet. With offers such as, umbrellas, Tissues, Laundry detergents, data cables etc, to be given out to the new users encouraging their efforts.

The Chinese Central bank have made it clear that, banks yearly commission will increase based on the success rate of promoting the Digital Yuan to reach to many others.

Do you think the newly created Chinese Digital Yuan will become a mainstay, and become a sort after coin in the digital ecosystem to usurp the high demand of the volatile coins??

Eh eh.... One thing i or about you is your information are always top notch. Well done last year the back as been taking steps to rule the world with there currency, this is another step in doing that.

 

[Kunkun]

This shows the level of insight on the part of the Chinese government and proves so much why they are one of the leading countries out now with novel ideas and new developments

 

[Trexxxy]

This is the first time I'm reading about this. If the Chinese government put this much effort into their own digital crypto, then it would turn out to be a success.

 

[Josemendez]

This is the first time I'm reading about this. If the Chinese government put this much effort into their own digital crypto, then it would turn out to be a success.

I don't see any success here because the coin is not different from the paper Currency. They are only trying to make people accept it in contrast to crypto

 

[Trexxxy]

I don't see any success here because the coin is not different from the Paper Currency. They are only trying to make people accept it in contrast to crypto

Well, I don't know how it is going to work, but I think they are introducing it just to compete or have their crypto coin. Even if it is similar they have the population to make it a success.

 

[Sincerem]

Eh eh.... One thing i or about you is your information are always top notch. Well done last year the back as been taking steps to rule the world with there currency, this is another step in doing that.

You always flatter me with nice compliments i appreciate. Its a pleasure to always update the community with accurate information.

The Chinese are simply pushing for their digital Yuan popularity from their country first.