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.
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