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China begins next phase of CBDC testing with e-CNY payment for public transport | Digital Profit Area

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Follow the links and start working on the Kucoin exchange with a 15% discount on commission Scan and pay with e-CNY is now available in multiple Chinese cities for citizens looking to ride their local buses and subways. According to multiple sources, on Tuesday, China officially began rolling out the next round of its central bank digital currency (CBDC) pilot test program. In the city of Guanzhou, it is now possible to pay for public bus rides with the digital yuan (e-CNY) CBDC on 10 transit routes, which is a first for the country. To do so, passengers simply need…

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