CBDC mania has arrived in China. The official digital yuan wallet app that was released as a pilot version to be used in select cities has still managed to top app store charts in its first week.
Despite these limitations, the South China Morning Postthat e-CNY managed to become the most downloaded app on Apple’s App Store one day after its launch, surpassing Tencent’s super app WeChat. It was dethroned by video-sharing app Kuaishou on Saturday.
The app enjoyed similar success in Xiaomi’s mobile app store, a popular platform for Chinese Android users. It topped the list within a day before falling to the second spot on Monday, according to market researcher Qimai. The app ranked 43rd on Huawei’s mobile store on Monday, jumping 10 spots in a day.
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