PBOC to trial online and offline payment functions in second digital yuan red envelope giveaway

The People’s Bank of China (PBOC) is to enable participants in the next phase of its central bank digital currency (CBDC) pilot to test for the first time the use of digital yuan for making both online purchases and touch-based in-store offline payments. PBOC’s second digital yuan ‘red envelope’ lottery giveaway will see the bank […]

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