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Another major Chinese tech firm expands use of the country’s digital currency

January 30, 2022
Source: worldnewsera.com worldnewsera.com
News Snapshot:
Meituan will allow users to pay for offline services such as hotels and movie tickets with China’s digital yuan. It is the latest technology company to help the People’s Bank of China push the country’s digital currency. Qilai Shen | Bloomberg | Getty Images Chinese food delivery and local services giant [Meituan](//www.cnbc.com/quotes/3690-HK) has expanded the way that China’s digital yuan can be used on its platform to make purchases. It is another sign of technology companies helping to promote China’s digital fiat currency as the country’s central bank looks to increase the number of people using it. Users can download...
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Tags: app | bank | Bank of China | Beijing | bitcoin | blockchain | Bloomberg | cash | China | Chinese | crypto | currency | E-CNY | entertainment | expansion | fintech | Gadgets & Electronics | Internet | Renminbi | retail | social media | technology | Tencent | WeChat | Yuan

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