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Published Jul 04, 2023 05:15AM ET Updated Jul 05, 2023 07:00AM ET

Chinese city of Jinan accepts CBDC payments for bus rides

Jinan, the capital of eastern China’s Shandong Province, has started encouraging the adoption of the country’s central bank digital currency (CBDC) by introducing digital yuan payments across all its bus routes.

In its pilot phase, the city tested the introduction of CBDC payments on two bus lines. Following the trial period, the city has announced that it has implemented the new payment method for its entire bus network.

Continue Reading on Coin Telegraph

Chinese city of Jinan accepts CBDC payments for bus rides

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