Digital Yuan Failed The User Experience Test1 min read

Digital Yuan

It did not pass the Digital Yuan user experience test, which China introduced for testing purposes. A very comprehensive study was being carried out by China for the Digital Yuan.

Why did the Digital Yuan fail the user experience test?

Financial technologies and cryptocurrencies have brought digitalization in today’s currencies. China was the country that got the fastest reaction in this regard.

Developing the digital Yuan currency, the Bank of China distributed 20 million Yuan worth about $1.5 million in early October. The Chinese Central bank has started user experience testing for the Digital Yuan. However, information shared by Reuters shows that the first users of the Digital Yuan were not very satisfied with Digital Yuan.

It is even stated that some users will not use Digital Yuan again unless there is any draw etc. The central bank may have to offer incentives to adopt the use of this digital currency. A senior economist at PwC China says it will be important to offer new benefits to encourage the use of the Digital Yuan. In Shenzhen, with 3,000 gas, the store has spread payment technologies for the use of the Digital Yuan.

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