{"id":7865,"date":"2025-11-27T09:19:51","date_gmt":"2025-11-27T09:19:51","guid":{"rendered":"https:\/\/acudc.com\/?p=7865"},"modified":"2025-11-27T09:21:41","modified_gmt":"2025-11-27T09:21:41","slug":"china-mulls-how-to-incentivize-cbdc-adoption-by-payment-providers-consumers","status":"publish","type":"post","link":"https:\/\/acudc.com\/th\/china-mulls-how-to-incentivize-cbdc-adoption-by-payment-providers-consumers\/","title":{"rendered":"China mulls how to incentivize CBDC adoption by payment providers, consumers"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"7865\" class=\"elementor elementor-7865\">\n\t\t\t\t\t\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-624d676d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"624d676d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5b01699e\" data-id=\"5b01699e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-309872b elementor-widget elementor-widget-image\" data-id=\"309872b\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.7.2 - 21-08-2022 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"805\" height=\"492\" src=\"https:\/\/acudc.com\/wp-content\/uploads\/2025\/11\/News1127.03.png\" class=\"attachment-large size-large\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/acudc.com\/wp-content\/uploads\/2025\/11\/News1127.03.png 805w, https:\/\/acudc.com\/wp-content\/uploads\/2025\/11\/News1127.03-300x183.png 300w, https:\/\/acudc.com\/wp-content\/uploads\/2025\/11\/News1127.03-768x469.png 768w, https:\/\/acudc.com\/wp-content\/uploads\/2025\/11\/News1127.03-18x12.png 18w\" sizes=\"(max-width: 805px) 100vw, 805px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7d5cd177 elementor-widget elementor-widget-text-editor\" data-id=\"7d5cd177\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.7.2 - 21-08-2022 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#818a91;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#818a91;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>Image by Ledger Insights<\/p><p>We recently reported that China\u2019s central bank digital currency (CBDC), the eCNY, processed $56 billion in transactions in a single month. It reached a cumulative volume of RMB 7 trillion, which is nearing the $1 trillion mark ($932 billion to be precise). However, a fair proportion is business usage. Stories continue to circulate about a lack of consumer enthusiasm for the digital RMB. Now a senior Chinese academic at Peking University, Dong Zhiyong, has proposed how to incentivize usage. These are not the views of the central bank\u2019s Digital Currency Research Institute. However, one of China\u2019s big state-run news agencies published them.<\/p><p>Mr Dong highlighted that banks aren\u2019t really incentivized, that consumers are comfortable using WeChat Pay and Alipay, and that there\u2019s room for improvement with the current eCNY consumer incentives. In the past there have been reports that many people spend the \u2018red envelope\u2019 free money giveaways, and don\u2019t bother using the CBDC much beyond that.<\/p><p>The first suggestion is the use of the digital RMB by the state and the vast number of state-owned enterprises. That\u2019s already happening to a degree. Some people receive salaries in eCNY. However, they often immediately transfer the money to their bank accounts because the eCNY doesn\u2019t earn interest. Additionally, not enough outlets accept the eCNY for payment.<\/p><p>\u00a0<\/p><p>Retrieved from:\u00a0<a href=\"https:\/\/www.ledgerinsights.com\/china-mulls-how-to-incentivize-cbdc-adoption-by-payment-providers-consumers\/\"><u>https:\/\/www.ledgerinsights.com\/china-mulls-how-to-incentivize-cbdc-adoption-by-payment-providers-consumers\/<\/u><\/a><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>Image by Ledger Insights We recently reported that China\u2019s central bank digital currency (CBDC), the eCNY, processed $56 billion in transactions in a single month. It reached a cumulative volume of RMB 7 trillion, which is nearing the $1 trillion mark ($932 billion to be precise). However, a fair proportion is business usage. Stories continue &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/acudc.com\/th\/china-mulls-how-to-incentivize-cbdc-adoption-by-payment-providers-consumers\/\"> <span class=\"screen-reader-text\">China mulls how to incentivize CBDC adoption by payment providers, consumers<\/span> Read More &raquo;<\/a><\/p>","protected":false},"author":8,"featured_media":7836,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":""},"categories":[15,9],"tags":[27],"_links":{"self":[{"href":"https:\/\/acudc.com\/th\/wp-json\/wp\/v2\/posts\/7865"}],"collection":[{"href":"https:\/\/acudc.com\/th\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/acudc.com\/th\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/acudc.com\/th\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/acudc.com\/th\/wp-json\/wp\/v2\/comments?post=7865"}],"version-history":[{"count":4,"href":"https:\/\/acudc.com\/th\/wp-json\/wp\/v2\/posts\/7865\/revisions"}],"predecessor-version":[{"id":7869,"href":"https:\/\/acudc.com\/th\/wp-json\/wp\/v2\/posts\/7865\/revisions\/7869"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/acudc.com\/th\/wp-json\/wp\/v2\/media\/7836"}],"wp:attachment":[{"href":"https:\/\/acudc.com\/th\/wp-json\/wp\/v2\/media?parent=7865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/acudc.com\/th\/wp-json\/wp\/v2\/categories?post=7865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/acudc.com\/th\/wp-json\/wp\/v2\/tags?post=7865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}