China's digital yuan wallets see mass adoption but usage lags

China's digital yuan wallets see mass adoption but usage lags

A Chinese national flag flutters outside the headquarters of the People's Bank of China, the Chinese central bank, in Beijing, April 3, 2014. REUTERS/Petar Kujundzic

China’s digital currency has debuted on app stores with fanfare, with online wallets for the electronic yuan seeing mass adoption in the two weeks since a public launch, yet its actual use in transactions has been far less impressive.