China Officially Backs a CryptoCurrency and Establishes it as their Official Coin.
Event in History China It’s finally happened. A major worldwide government has just bestowed a huge vote of confidence and legitimacy onto the world of cryptocurrencies. China, in an unprecedented move, just announced that they are officially adopting a certain cryptocurrency as China’s official coin!
The government of China just informed us that they have chosen a preferred firm for the purchase and marketing of their new coin –Â YuanPay Group. The sales of China’s coins officially started on July 16 of 2021 and currently, these coins can be bought only from YuanPay Group.
That’s right, their coin is incredibly inexpensive in comparison to most other coins out there. Bitcoin for example trades at ¥65,366.84 at the time of this writing, and Ethereum trades at around ¥1,362.76.
The first step was to fill out all the details. As you can see, nothing complicated so far.
In the second step, I was taken to YuanPay Group’s wallet, where they choose my country-specific broker to buy China’s coins.
In the third step, I was taken to the purchase page and had to fill out my details.
For ¥1,921, I received 21,375 coins at ¥0.12 cents each. You can see the current value of my coins on the same page.
PS: As an early investor they gave me 5,367 extra coins for free!
Event in History China The whole process was simple and I even received a phone call from one of YuanPay Group’s friendly agents, but I didn’t really need any help as the whole process was easy enough.
After finishing this article, literally around 4 hours, I checked my wallet again and to my surprise:
In only 4 hours, the price increased from ¥0.12 to ¥0.31. At this point, I was positively surprised.
YuanPay Group was kind enough to give us a 100% accurate coin movement price counter, so everyone can see the increase directly on this page.
