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Media: China Bans Digital Yuan Competitors in Olympic Village

January 13, 2022
Source: thetimeshub.in thetimeshub.in
News Snapshot:
China has restricted Alipay and WeChat payments in the Olympic Village, where the digital yuan (e-CNY) is being tested. Bloomberg reports. According to media reports, all visitors to the Beijing Olympics can download a mobile wallet pilot to use the digital yuan, get a physical card, or convert e-CNY using self-service terminals. Athletes and coaches will allegedly be given special bracelets with the function of an electronic wallet to pay for goods and services. Convenience stores and other outlets are already equipped to accept such payments. According to Qu Songming, Olympic Games Operations Team Manager, the only payment methods in...
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