China’s digital yuan gets smart contract functionality alongside new use cases By Cointelegraph

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China’s Central Bank Digital Currency (CBDC) — the digital yuan, or eCNY — has received upgrades giving it smart contract functionality alongside a series of newly unveiled use cases.

The smart contract function was launched on the Meituan app, a Chinese app offering retail and food delivery services, according to a Jan. 17 report by local cryptocurrency media outlet 8btc.

A user prepares to send a digital red packet on the messaging app WeChat. Image: YouTube

Digital yuan sees new avenues for use