Eleven gas stations in Chinese tech hub Shenzen are now accepting the digital yuan, China’s upcoming Central Bank Digital Currency (CBDC), days after citizens received over $1.5 million in the currency as part of an ongoing pilot, local news outlet Economic Information Daily reported.
The tests are being conducted by state agency Guangdong Petroleum, which launched the pilot on October 13 this week. To pay, citizens can scan a unique QR code available at the gas stations—similar to how commercial payment apps like Apple Pay work.
Read more: https://decrypt.co/45254/digital-yuan-rolls-out-for-use-in-shenzhen-gas-stations
