Winter Olympics Tickets to Be Sold for State-issued CBDC Digital Yuan

[Rockalo]

In a move to test its state-owned CBDC dubbed e-CNY, China has given away digital red envelopes embodying its prototype CBDC in Beijing and Shanghai to test the digital yuan (e-CNY). Reportedly, the Winter Olympics (WO) vendors will also allow e-CNY for payments.

Different platforms in the country including Shijingshan, a site for the forthcoming WO, is taking strides in embracing the adoption of e-CNY and has now begun supporting digital payments conducted using the state-owned virtual currency. More information: please click here