Transcription of ofE-CNY in China
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Example: tourism industry
ofE-CNY in China
ProgressProgressProgressProgressofofofof ResearchResearchResearchResearch&&&&Deve lopmentDevelopmentDevelopmentDevelopment ooooffffE-CNYE-CNYE-CNYE-CNYininininChin aChinaChinaChinaWorkingWorkingWorkingWor kingGroupGroupGroupGroupononononE-CNYE-C NYE-CNYE-CNYR esearchResearchResearchResearchandandand andDevelopmentDevelopmentDevelopmentDeve lopmentofofofofthethethethePeople'sPeopl e'sPeople'sPeople'sBankBankBankBankofofo fofChinaChinaChinaChinaJuly,July,July,Ju ly,20212021202120211 ProgressProgressProgressProgressonononon ResearchResearchResearchResearchandandan dandDevelopmentDevelopmentDevelopmentDev elopmentofofofofE-CNYE-CNYE-CNYE-CNYinin ininChinaChinaChinaChinaIntroductionIntr oductionIntroductionIntroductionTherobus tdevelopmentofnetworktechnologyanddigita leconomycallforr
improving the efficiency of the retail system. E-CNY is a retail CBDC issued to the public. With a modern domestic payment system in China, the issuance of e-CNY will fully meet the public ’s daily payment needs, further improve the efficiency of the retail payment system and reduce the cost of retail payment .
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