Tencent Holdings Ltd.'s WeChat announced on Wednesday that it will allow the use of the digital renminbi, also known as e-CNY, in transactions in video accounts and in small apps that offer services such as travel, catering and retail.
The digital yuan pilot program seemingly continued to advance as the local government in the city of Changshu in Jiangsu province recently announced that wages to civil servants and workers at state-owned companies will be paid out only in digital renminbi from May.
The digital renminbi is a central bank digital currency (CBDC) issued by the People's Bank of China.
