Beijing authorities have fully integrated the digital yuan into the payment ecosystem - FX24 forex crypto and binary news

Beijing authorities have fully integrated the digital yuan into the payment ecosystem

  • Must Read
  • March Election
The Chinese capital's municipal government has fully integrated the digital yuan into the payment ecosystem as part of improving CBDC testing.
At the start of the test in June, the feature was only in the Yitongxing mobile app. It has now appeared at all 428 stations on 24 subway lines when buying tickets and recharging transport cards.

Beijing authorities have fully integrated the digital yuan into the payment ecosystem

In terminals, the option to pay in digital yuan has become adjacent to cash and payment systems WeChat Pay and AliPay. The same option is also available at service points.
In order to refill a CBDC transport card you will need to scan the QR code of payment with digital wallets.
Recall that the option to convert yuan into its digital version has been added to ICBC ATMs in Beijing.
Earlier, China tested CBDC with programmed use options.

Report

My comments

FX24

Author’s Posts

  • Stock Market Genius - Who They Are and What You Need to Know to Become One - Test Your Knowledge

    Who are stock market geniuses and what do you need to become one? Learn about the skills, mindset, and strategies to consistently ou...

    Aug 15, 2025

  • Forex VPS Solutions for High-Frequency Trading in 2025

    Explore Forex VPS solutions for high-frequency trading in 2025. Reduce latency, optimize MT4/MT5 performance, and maximize trading e...

    Aug 15, 2025

  • Boost Trader Engagement with MT4/MT5 Prop Firm Tournaments

    Explore MetaTrader solutions for prop firm match tournaments. Optimize MT4/MT5 setups, boost execution, and attract top traders. Lea...

    Aug 15, 2025

  • Gold at $4,000? Trump's Tariff Repeal Sparks New Rally

    Learn why the Trump tariff rollback could send gold to $4 000, analysts say. Market dynamics, forecasts, and trading insights in one...

    Aug 15, 2025

  • Trading Journals and Tools: How to Track, Plan, and Analyze Your Trades

    Discover essential tools for tracking trades, planning strategies, and analyzing results to improve your trading performance. Learn ...

    Aug 15, 2025

Copyright ©2025 FX24 forex crypto and binary news


main version