For the first time, China has announced the launch of a digital currency at the official level

At a time when the world is embroiled in a global crisis caused by the corona virus, the Chinese government has quietly introduced a large and innovative economic plan. The move by the Chinese government will not only reshape its economy, but also improve its strategic position for decades to come.  The world's first digital currency was introduced by the Chinese government last April and has been dubbed the Digital Yuan by the Central Bank of China.At the same time, it was initially announced to be piloted in four major Chinese cities. Since the announcement, China has become the first country in the world to conduct day-to-day public transactions in government-sponsored digital currency. China has crossed an important milestone. The digital yuan will replace cash transfers and possibly connect to other modern systems, including AliPay and VChatPay. China is a country where more than half a billion people are availing the benefits of mobile payments. For them, this change will not cause any problem.The digital currency will be used with the help of a mobile phone app and the value of this currency will be guaranteed by the Central Bank of China itself. China's move is being hailed as a new game changer....