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China begins next phase of CBDC testing with e-CNY payment for public transport Crypto New

August 24, 2022
Source: cryptosnewss.com cryptosnewss.com
News Snapshot:
[ad_1] According to multiple sources, on Tuesday China officially began rolling out the next round of its central bank digital currency (CBDC) test pilot program. In the city of Guanzhou, it is now possible to pay for public bus rides with the CBDC in digital yuan (e-CNY) on 10 transit routes, the first in the country. To do this, passengers simply need to download the e-CNY app, deposit funds and scan the QR code located in the payment section of the bus to pay for their ride. Similarly, the day before, the city of Ningbo said passengers can now pay...
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Tags: app | bank | bitcoin | blockchain | bus | China | Chinese | consumer | coronavirus | crypto | currency | data | delivery | digital | download | E-CNY | e-commerce | employment | fintech | food | fund | Guangdong | Guangzhou | Renminbi | Yuan

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