Tourists and other foreigners visiting China can now upload digital yuan to the country’s prototype central bank digital currency (CBDC) digital wallet using their Mastercard or Visa credit card, according to NFC World.
Foreign nationals can download the updated digital yuan wallet for iOS devices from the App Store and for Android devices from the China-based Google Play platform via a virtual private network (VPN).
They can then create a personal wallet, preload it with digital yuan using their international credit card and use the CBDC to make purchases and other payments at outlets participating in China’s ongoing digital yuan trial programme.
E-CNY app (pilot version) is the official service platform for the trial program of the digital version of fiat currency issued by the People’s Bank of China. The app is open to individual users, provides wallet opening and management services, and facilitates the exchange and circulation of e-CNY. E-CNY pilots in certain designated areas and designated pilot programs; pilot customers are qualified to register.
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: