Chinese Central Bank Updates Digital Yuan App, Adds Gift Functions

The central People’s Bank of China (PBoC) has updated its digital yuan app – and is attempting to drive up adoption with new gifting and invitation functions. The newspaper Beijing Business Today reported that the smartphone app, which was launched in January this year, has undergone another facelift. The app’s first major update focused on UI improvements and was made in March. But the latest update has added functions that are aimed at increasing adoption using social networks.... Read More: Chinese Central Bank Updates Digital Yuan App, Adds Gift Functions