The digital yuan, the central bank digital currency (CBDC) of China, has been tested in several major cities across the country. As its rollout continues in 2021, Forrester expects to see the digital yuan have a significant impact on B2C and B2B industries such as financial services, retail, transportation, and entertainment. The digital yuan has the potential to reshape the financial services industry landscape in China — and even across the globe. This report helps business and technology executives at financial services firms and companies that provide digital platforms understand what the digital yuan entails and how they need to adapt their digital business strategy.
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