The city of Changshu, with a population of more than 1.5 million, will be the first city to use the digital yuan to pay wages of public employees, according to reports from local media.
Changshu, a city in China with more than 1.5 million inhabitants, will pay public workers’ wages with the Chinese central bank digital currency , the digital yuan. The move marks an acceleration of the adoption plans that Beijing has for the digital currency, which has been included in some limited programs before.The city of Changshu, with a population of more than 1.5 million, will be the first city to use the digital yuan to pay wages of public employees, according tofrom local media.
The move is part of the plan of Jiangsu province, in which Changshu is located, to increase the usage of this kind of digital currency, which has not received the expected attention of the citizens, who still prefer to pay using alternatives such as Wechat and Alipay. The city has already been using the digital yuan to settle overtime payments since June, having paid more than $300,000 since this implementation.The implementation of digital yuan payments marks an acceleration of the inclusion of digital currency in the lives of Chinese people, that had before received it as a
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