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Daily Times
June 18, 2021
Beijing has launched a digital yuan test programme, allowing consumers to spend the digital currency at multiple merchants in the city.
The Bank of Communications has unveiled its digital renminbi (RMB) trial event at Beijing Happy Valley. Staff members introduced some information to visitors and then instructed them to download the digital RMB app, open the digital RMB wallet, and make their first digital RMB purchases at the amusement park. Last month, at the first China International Consumer Products Expo held in Hainan province, many banks launched trial zones to let visitors experience multiple usage scenarios involving the digital RMB. The Chinese government has already carried out multiple e-yuan giveaways as part of its digital currency tests and plans to expand the pilot program in the future.
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E-CNY trials confirm potential for secure payments Xinhua | Updated: 2021-06-16 08:10 Share CLOSE A payment terminal for digital RMB is exhibited at the China International Consumer Products Expo in Haikou, Hainan province. [Photo/Xinhua]
After winning a prize in Beijing s lottery-based digital renminbi program, Tao Siyu couldn t wait to invite his friends for a celebratory meal. I did not win a digital RMB red envelope in February, and I felt sad for missing a chance to experience (the new payment system), Tao said while footing the bill using the lucky money. Once I got notified that I was a winner this time, I invited my friends to dine and share the joy.
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