China’s digital currency now in pilot test in Shanghai


Source: bollyinside.com

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Desk 2021-01-13 The digital renminbi (RMB) or the yuan, a virtual currency administered by the People’s Lender of China (PBOC), the country’s central financial institution, has arrived in whole in Shanghai. Immediately after exams operate in various other metropolitan areas, it is now in use at the city’s Tong Ren Clinic, giving employees with an quick way to pay for their meals in the canteen. An instance is medical professional Yu Yiming, whose everyday program was to obtain breakfast in the hospital’s canteen. Now he has a new way to fork out for his food – a digital currency card...