It’s therefore likely that e-Yuan will gain mass adoption as a payment method. You can take advantage of the coming launch by investing at least $250 through our trading system. Only invest what you can afford to lose since trading involves risk. The Yuan Pay App have positioned ourselves to help you take advantage of the extreme crypto volatility that will occur when the e-Yuan is launched. The government of China has expressed strong interests in replacing the renminbi with a blockchain-powered payment solution.

Yuan Pay Group software is based on the Chinese Digital Yuan and backed by government regulators. KYC is short for Know your Customer”, which refers to an economic institution’s duty to affirm a patron’s identification in keeping with AML laws. The Financial Times is one of the main finance publications that has covered the digital Yuan initiative extensively. Any news linking the Financial Times to the Yuan Pay Group should be disregarded. There are rumours about Yuan Pay Group being published on Yahoo Finance. But our investigations showed that these publications are on cloned pages of the Yahoo Finance Official website.

After the registration phase, you should be able to log into your trading account, where you can then make the initial required deposit of €250. Before you freak out, let’s tell you straight away that this is not a fee but the minimum required deposit required to kick off your trading journey. After opening an account, you’ll get a follow-up call from an account manager assigned to you by the Yuan Pay Group trading platform. Here is what some notable people have to say about cryptocurrencies. China is a country with over 1 billion people and one of the economies that are more receptive to technology. With the backing of the government, the e-Yuan could easily become the best payment method in the country.

There are a lot of other websites with similar designs and interfaces. There is however an app developer named “Everyone” which has recently launched a cloned Group app on Google store. The app merely displays an amalgamation of news snippets and some random code which fluctuates according to certain parameters. Avoid that as well, just read the user comments if you must, they have a 2.0 rating out of 5.0. Again, the digital RMB can be exchanged just like any other currency but not the E-Yuan which is being promoted by Yuan Pay Group affiliate networks. The original digital RMB can be bought and sold since it is legal tender.

Deposits and withdrawals: 4.7/5

There are many ads claiming that many people, like the Facebook owner, use the Group to trade cryptocurrencies. However, since the social media platform will allow anyone to post on their app, there is no way to confirm the claims, which can be treated as false. With the aid of your smartphone , you can access all the platform’s benefits using the internet. We were able to find that the application is available for both Android and iOS users, so if you prefer the app, you can go ahead and download it using the link sent in the verification email. It’s straightforward to get started and invest in the Yuan Pay organization.

Yuan Pay

None of these formats, however, are suitable even for the domestic market, never mind foreign trade. Exchanging goods for other goods would have to be manually accounted for, which would create major difficulties for any large or technologically advanced businesses using automated accounting systems. Another way of getting rid of reserve currencies from foreign trade is barter, something to which the Russian Finance Ministry has recently turned its attention. Reserve currencies are simply more convenient for trade than national currencies. It’s more profitable for exporters to be paid in a currency they can then use to pay for as many various kinds of imports as possible.

User-Friendly Interface

While it’s true that the billionaire made most of his fortunes from mining and cattle businesses, there is no truth linking him with investments in Bitcoin. Self-made billionaire Elon Musk, is the brain behind many successful businesses including Tesla Motors, SpaceX, and Solar City. As an influential celebrity, many of his comments have ripple effects on markets worldwide. In the last couple of months, the billionaire has consistently promoted Bitcoin, Dogecoin, and other great altcoins to his followers. But after carefully investigating whether the billionaire ever promoted or is affiliated with the Yuan Pay Group system, our teams didn’t find anything convincing to back this rumour.

Having explored this platform, we can say without a doubt that the Group is truly legit and not a scam. For those looking to start their cryptocurrency trading journey, we highly recommend you sign up for a free account. Determined to find out if the Bitcoin code system is legit and worth the hype, our team proceeded to set up an account to explore this incredible system that is purported to make users a lot of money. Our test revealed that it is super easy to register and make deposits on the Yuan Pay Group platform.