Yuan has climbed to new heights after Saudi Arabia, one of the world’s largest oil exporters, began accepting Yuan for oil sales. Unhappy with the US and the dollar, Saudi Arabia, among other oil exporters, is looking for viable alternatives.

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However, with the recent market volatility, the eyes are switching elsewhere: the Digital Yuan.

Digital Yuan is the cryptocurrency equivalent of Yuan and has already been released by the Yuan Pay Group worldwide. Being the only official government-sponsored cryptocurrency, it benefits from the protection against price decreases.

Digital Yuan or e-Yuan has been steadily gaining traction in the cryptocurrency industry: amateur investors plowing their savings into it helped the Digital Yuan achieve an average 127% monthly return.

The War in Ukraine: Fuel for Digital Currencies?

Due to the Russia-Ukraine conflict, there is an ever-increasing demand for safe digital currencies. Because the Digital Dollar is still in development, many institutions turn towards Digital Yuan.

“When the conflict started, many firms and individuals made donations using cryptocurrency. It is fast, reliable, cheap, and has a huge upswing potential. These benefits made donations worth hundreds of millions of dollars possible within hours”, says Economist and Financier James Ricksworth.

Another unexpected benefit of digital currency in times of crisis is its liquidity. Historically, bank runs often happen in recessions when people try to withdraw more money than the banks hold in reserve. Due to fractional reserve banking, no western banks are required to keep more than 10 per cent of your savings in cash.

For every $1,000 you deposit, $900 is lent out to somebody else. It creates a considerable risk when you want to withdraw your money all at once.

Fortunately, cryptocurrencies do not suffer from the same issue. Notably, Digital Yuan is fully backed by the Chinese Central Bank, so there will always be enough liquidity to cash out all of the investment.

A recent poll asked over 1,000 professional traders in London, the UK, what they consider to be the safest investment with the highest profit potential. 87 per cent believed Digital Yuan to have the best safety and return on investment properties.

Yuan Pay Group is participating in negotiations between China and oil exporters to include Digital Yuan as a form of payment for oil which would send Digital Yuan soaring again. And if the Ukraine-Russia war has shown us one thing, it’s that cryptocurrencies are extremely useful and can provide massive gains during times of crisis.

This seems like a perfect opportunity for amateur investors to enter Central Bank Backed Digital Currency industry by purchasing Digital Yuan. After all, the stable 127% monthly return it has been achieving shows remarkable potential.

Note: Investment in cryptocurrency or digital assets is subject to risk and readers should do their own due diligence. Entrepreneur Media does not endorse any such investment.