China’s Leading Service Provider Boosts Nationwide CBDC Adoption

Meituan, a leading service provider in China, said its users can shop at over 200 offline businesses, including restaurants, convenience stores, cinemas and hotels, using China’s digital central bank currency (CBDC) digital yuan.

Hong Kong-based local newspaper South China Morning PostAccording to the news of Meituan, January 26 in a statement made on In more than 200 offline businesses started to allow digital yuan to be used in payments to be made.

across the country CBDCthe use of encourage mobile payment application of the digital yuan for e-CNY users in payments made using discount coupons The company, which announced that it will give January at the beginning of the month digital yuan payments for online food deliveries had enabled.

Senior financial analyst at consulting firm BoTong Analysys, who said that Meituan’s latest move will enable the use of digital yuan in various fields in daily life. Wang Pengbo;

The digital renminbi has found a good way to integrate with the consumer. This will make it more inclusive and accessible.

said.

in the past months Tencent Holdings‘s electronic wallet service WeChat Payadded as a payment option to digital yuancurrently the capital Beijing outside Shenzhen, Suzhou, Xiongan, Chengdu, Shanghai, Hainan, Changsha, Xian, Qingdao, Dalian and the Winter Olympics available in their locations.

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