China's digital currency will be distributed using a two-tiered system to help get it into consumers' hands

Chinese digital currency.
Reuters
China has become the first major economy to roll out a digital currency.The e-yuan will bypass the global financial system.
Economists, however, warn it could endanger the US dollar long-term.See more stories on Insider's business page.
The People's Republic of China (PBOC) introduced its first blockchain-powered digital currency controlled by its central bank, The Wall Street Journal first reported. The project took seven years to complete since work began in