News Article

As a key step in promoting the nation's digital currency, or e-CNY, Shenzhen, Guangdong province, launched on 11th of Oct, China's first digital renminbi industrial park in the city's Luohu district, with the first batch of nine financial companies, including Lakala Payment, settling in.

More e-CNY self-service machines for e-CNY wallet card issuance will be put into use this week in Shenzhen, Guangdong province, as the novel, cross-border payment channel is well-received by Hong Kong visitors.

China's digital fiat currency, or the e-CNY, has been used for the first time for transactions in the domestic futures market, the China Securities Journal reported on Monday.