Bloomberg
Bloomberg: China Offers Digital Yuan at Olympics to Test Overseas Appeal
(Bloomberg) -- China is rolling out its digital yuan to athletes and spectators ahead of the Beijing Winter Olympics, the first major test of the virtual currency’s appeal among foreigners.
With less than a month to go before kickoff, and the event already encumbered by diplomatic boycotts and the threat of virus outbreaks, China is looking to use the games to showcase the digital yuan’s clout globally.
Visitors can download an app or get a physical card that stores the digital yuan, or convert foreign bank notes into e-CNY at self-service machines, according to the Bank of China Ltd., a state lender and official partner of the games.
Athletes and their coaches are eligible to get wristbands that act as e-wallets and can be swiped to pay for goods or services.
Read more ....
Update #1: Chinese App Marketplaces Report Massive Growth in Digital Yuan Wallet Downloads (Crypto News)
Update #2: China is pushing for broader use of its digital currency, but challenges remain (CNBC)
WNU Editor: Personally ... I do not trust China with my information.
A good analysis on what this all means is below:
1 comment:
Xi is too full of himself and the government likely has many mini Xi's in it's corridors.
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