“China continues to expand the scope of its digital central bank currency (CBDC). Now you can pay for transport services with the digital yuan for the first time.
According to an official announcement on Wednesday, the Beijing subway launched a pilot program in which passengers can pay for the use of 24 subway lines and four subway stations with the digital yuan (e-CNY for short).
The new service is only available to customers with a bank account at the Chinese industrial and commercial bank. The big bank is involved in China’s CBDC testing. “You need to download a mobile app that is linked to your bank account to use the service,” said a spokesman for the Beijing Railway Network.”
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