China Has Launched Its Own Digital Currency Digital Yuan bothernomore.com

Before thousands of years ago, coins were money for the people. During this time, China had invented the paper currency. Nowadays, all the countries are using paper currency. The Chinese government is also working on minting the cash digitally. Most people are thinking that we are already using digital currency in the form of Apple Pay and WeChat etc. They should know that these are the ways to move the money electronically. China has turned the money into computer code with the help of legal tender introducing its own currency as the Digital Yuan. Cryptocurrencies are the best examples of digital currency. These currencies are existing outside of the traditional global financial system. These currencies don’t exist in the form of legal tenders just like cash issued by the governments.