Digital Yuan Platform Starts Supporting Smart Contracts

The platform of the Chinese state-owned cryptocurrency has been updated. An important innovation was the support for smart contracts, which provide several new uses for the digital yuan.

One of the first support for smart contracts was added to the application for buying and delivering food from Meituan Chinese restaurants.. When users place an order and pay for it with the digital yuan, the smart contract automatically searches for keywords in the product list. If the user buys something from the key list, then he is automatically added to the list of participants in the Chinese New Year prize draw.

On January 16, the digital yuan was used for the first time to buy securities. Support for the state cryptocurrency has been added to the mobile application of the brokerage company Soochow Seurities. In addition, the Android app update enables users to make contactless payments even when they are not connected to the Internet.

At the end of last year, one of the former heads of the People's Bank of China Xie Ping (Xie Ping) said that, despite all efforts, the digital yuan has not gained popularity among the population of China.