2021-04-26 02:45:08 GMT2021-04-26 10:45:08(Beijing Time) Xinhua English
A manned autopilot aircraft is exhibited at the digital achievements exhibition during the fourth Digital China Summit in Fuzhou, southeast China's Fujian Province, April 25, 2021. (Xinhua/Wei Peiquan)
FUZHOU, April 25 (Xinhua) -- In addition to using cash and digital payment platforms such as Alipay and WeChat Pay, participants in the fourth Digital China Summit have another payment option: the digital renminbi (RMB), if they want to buy bottled water or snacks at the meeting venue.
After downloading a mobile app and depositing RMB, the money automatically changes into its digital form. The payment process is as simple as scanning a QR code on the app, similar to that of digital wallets, and transactions take place in real time. China has launched pilots of the digital currency in a number of cities.