Foreign travelers to China can now use digital yuan – central bank ...News

Russia Today - Economy
Foreign travelers to China can now use digital yuan – central bank
source : Russia Today ( News ) () 32
Foreign visitors no longer need to open a bank account to make e-payments in China, the People’s Bank of China (PBOC) announced on Friday. “Foreign residents temporarily traveling in China can open an e-CNY wallet to meet daily payment needs without opening a domestic bank account,” the bank said in its so-called white paper on e-CNY, China’s government-developed digital currency. Despite e-payments being a major form of transactions in China, the country’s two leading mobile pay applications, operated by Tencent and Alibaba until recently, required a Chinese bank account to make payments within the country, which created difficulties

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