Beijing’s rail transit service now accepts digital yuan for subway rides through an integration with the Industrial and Commercial Bank of China.
China continues expanding the scope of its central bank digital currency (CBDC) by debuting digital yuan payments for transport services.According to an official Wednesday announcement, the Beijing subway has launched a pilot program enabling passengers to access 24 subway lines and four suburban railway stations using the digital yuan, also known as e-CNY.The new service is only available for customers witb a bank account at the Industrial and Commercial Bank of China, a major bank involved in China’s CBDC tests. “You need to download a mobile app that is linked with your bank account to access the service,” a spokesperson for the Beijing rail transit network reportedly said.The announcement notes that Beijing rail transit service providers will continue promoting diverse ap
Źródło: https://cointelegraph.com/news/beijing-subway-now-accepts-digital-yuan
