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

  • Investing in Mutual Funds: A Beginner’s Guide

    Learn the essentials of investing in mutual funds. A practical guide for beginners on how mutual funds work, their benefits, risks, ...

    Sep 26, 2025

  • Multi Account Manager (MAM) MT4/MT5: Large-Scale Trade Management in 2025

    What is MAM and how does it work?

    ...

    Sep 26, 2025

  • Yield Farming – How to Make Cryptocurrency Work for You

    Yield farming is a modern DeFi tool that allows investors to earn passive income from cryptocurrencies. Learn about the strategies, ...

    Sep 26, 2025

  • What is Bias and How to Avoid It in Trading

    Learn what types of biases influence trader decisions, how to recognize thinking errors, and how to apply objective analysis strateg...

    Sep 26, 2025

  • The US is preparing for a tariff war with Big Pharma: 100% duties on brand-name drugs could change the market.

    Starting October 1, 2025, the US will impose 100% tariffs on imported branded and patented drugs. Donald Trump is demanding that man...

    Sep 26, 2025

Copyright ©2025 FX24 forex crypto and binary news


main version