Digital yuan gets green light on buses, trains in Xiamen, Guangzhou cities

  • Chinas digital yuan is accepted on Guangzhou city trams and can be used to recharge Xiamens city public transport card.
  • With Guangzhou and Xiamen, at least 12 of Chinas 23 digital yuan pilot cities have started to accept such payments on their public transportation systems.
  • The digital yuan, or e-CNY, is Chinas central bank digital currency (CBDC), which began public tests in October 2020 and is now piloting in 23 cities in China.
  • Total transactions using e-CNY reached 87.565 billion yuan (US$11.238 billion) as of the end of 2021, Chinas central bank announced in January.
metro Digital yuan gets green light on buses, trains in Xiamen, Guangzhou cities
Digital yuan gets green light on buses, trains in Xiamen, Guangzhou cities 2

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