Xiong’an New District in Hebei province has just debuted the use of the Digital Renminbi to make salary payments via a local blockchain platform.
The Xiong’an branch of the Bank of China recently worked with China Xiong’an Group Digital City Tech Co., Ltd. to make the on-chain issuance of Digital Renminbi to local forestry employees for work remuneration, according to Sina Finance.
The transaction was conducted via the Xiong’an New District’s own “Blockchain Funds Payments Platform”, and involved the payment of salaries to workers on the “Spring Season Forestation Project”.
The transaction marks the first time that China has seen the use of a “Blockchain + Digital Renminbi” model for salary payments purposes.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
