China’s new digital yuan, e-CNY, is now being used for official payments like taxes and social security premiums. After testing the initiative at the Winter Olympics this year, the coin is being adopted by an increasing number of Chinese citizens. With China being such a prominent trading country, e-CNY could find itself replacing the U.S. dollar as the most prevalent currency for use in international trade. China has taken a bold step, being among the first to create their own form of digital currency in the form of the digital yuan. After a test at the Beijing Winter Olympics a few months ago, e-CNY saw reduced ... (full story)